Live-Work Medical Office
363 Mount Hope Avenue, Bangor, ME 04401
New
- Added:
- Jun 25, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 25 at 10:06 am
Property Features for 363 Mount Hope Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- URD-1
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Walk-Out Access, Full, Finished, Daylight
- Standard status
- Active
- Size
- 2,950 SF
- Lot size
- 0.46 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5520
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Electric (Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1976
- Flooring type
- Linoleum, Carpet
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
Listing agent Colleen Maguire (207) 951-4893
Listing office Portside Real Estate Group 59 Pleasant Street, Yarmouth, ME (207) 607-5965
Listing date Jun 25, 2026
MLS# 1668835
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 3000 SF ranch with 3 bedrooms and 2 full bathrooms upstairs
- Fully built‑out lower‑level suite with 3+ private rooms, dedicated full bathroom, and professional reception area
- Lower level includes a separate private entrance for business use independent from the living space
- Zoned URD‑1, suited for live/work professional or business uses (buyer to verify permitted uses with Bangor Code Enforcement)
- Two‑car attached garage plus paved driveway on a large lot with ample parking and off‑street parking
- Built in 1976 with shingle roof; wood frame with vinyl siding; heated by baseboard/hot water/electric/oil
Overview
This live-work property combines residential living with a fully built-out lower-level suite designed for professional or medical office use. The home is configured as a ranch with comfortable upstairs living, including three bedrooms and two full baths, and a lower level that provides a business space with a professional reception area. The suite includes 3+ private rooms suitable for treatment rooms, private offices, or consultation spaces, along with a dedicated full bathroom. A two-car attached garage supports day-to-day convenience and storage, while a separate private entrance allows business operations to remain independent from the living area.
The property is located at 363 Mount Hope Avenue in Bangor, Maine. It sits on a large lot with a paved driveway and ample parking, supporting straightforward client and visitor access.
Zoned URD-1, the property may support a range of home-based professional and business uses; buyers are advised to verify specific permitted uses with Bangor Code Enforcement. With client-facing reception space, private rooms, and an independent entry, the layout is well suited for medical practitioners, therapists, counselors, or other professional operators looking to combine a residence with a dedicated office/business suite.
The property is located at 363 Mount Hope Avenue in Bangor, Maine. It sits on a large lot with a paved driveway and ample parking, supporting straightforward client and visitor access.
Zoned URD-1, the property may support a range of home-based professional and business uses; buyers are advised to verify specific permitted uses with Bangor Code Enforcement. With client-facing reception space, private rooms, and an independent entry, the layout is well suited for medical practitioners, therapists, counselors, or other professional operators looking to combine a residence with a dedicated office/business suite.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.7k | $21.60 |
| − Vacancy | −$8.1k | −$2.75 |
| EGI | $55.6k | $18.85 |
| − OpEx | −$13.9k | −$4.71 |
| NOI | $41.7k | $14.14 |
2,950 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$595.7K
$521.3K – $695.0K
NOI $41,702 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$488.6K
$427.6K – $570.1K
NOI $34,205 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$952.8K
$833.7K – $1.11M
NOI $66,694 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Saunders Bruce T ...
Physician
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7511043
- Latitude
- 44.8173839
Nearby Similar for Sale
FAQs
What type of property is this?
Live-work space - Turnkey live-work setup with a lower-level, multi-room business suite and separate entrance for client-ready use.
Where is this live-work space located?
The property is located at 363 Mount Hope Avenue Bangor, ME.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3000 SF ranch with 3 bedrooms and 2 full bathrooms upstairs; Fully built‑out lower‑level suite with 3+ private rooms, dedicated full bathroom, and professional reception area; Lower level includes a separate private entrance for business use independent from the living space
