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Renovated Single-Story Office Building
For Sale
$1,675,000

38 School Street, Bangor, ME 04401

Single-story steel-frame office building renovated for Fedcap, with ADA upgrades and high-efficiency natural gas HVAC.

Property Size11,000 SF
Price / SF$152.27
Days on Market145

Property Features for 38 School Street

General Information

Standard status Active
Size 11,000 SF
Property subtype Commercial
Zoning S&PS

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Building Size 11,000 SF
Stories 1
Construction steel-frame
Tenancy Single
Listing Agency: CORE
Listed By: Brady Saunders · License #SA929892
Source: Startpoint
Added: Apr 2 Changed: Aug 23 Last Checked: Aug 24 at 2:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CORE

Investment Insights

Based on property information with market context.

The property is an 11,000± SF, single-story steel-frame building that has been fully renovated for office use. Improvements include upgraded building systems, ADA compliance, and high-efficiency natural gas HVAC to support Fedcap’s office operations.

Located less than half a mile from I-95 (Exit 185) in one of Bangor’s most active retail corridors, the building sits just off Broadway with ample on-site parking. The area includes major national tenants such as Hannaford, Planet Fitness, HomeGoods, TJ Maxx, and Starbucks, placing the property near Bangor’s primary commercial arterials.

The offering is presented as a stabilized, long-term leased asset within a submarket described as having limited office supply and strong tenant demand. Contact the broker for additional information.

Key Highlights

  • 11,000± SF single‑story steel‑frame building renovated for Fedcap’s office operations
  • Completed full interior renovation with upgraded building systems
  • ADA compliance improvements completed

Property Analytics

Current Use

Acadia Cannabis Co Specialty Food Shop

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

443
Businesses Nearby

Demographics for 04401, ME

44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Single-story steel-frame office building renovated for Fedcap, with ADA upgrades and high-efficiency natural gas HVAC.
Where is this office building located?
The property is located at 38 School Street Bangor, ME.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 11,000± SF single‑story steel‑frame building renovated for Fedcap’s office operations; Completed full interior renovation with upgraded building systems; ADA compliance improvements completed
More about this property
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