Mixed-Use Building with Medical
For Sale
$399,900
546 Broadway, Bangor, ME 04401
An upstairs one-bedroom apartment sits above a renovated ground-floor clinical layout with accessible entry.
Property Size1,062 SF
Price / SF$376.55
Days on Market22
Property Features for 546 Broadway
General Information
Standard status
Active
Size
1,062 SF
Property subtype
Commercial
Zoning
GC & SD
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Condition
Newly Renovated
Taxes and HOA fees
Annual Taxes
$5,926
Building Details
Building Size
1,062 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
Listed By:
Holly Taylor · License #BR92630
(207) 431-2755
Source:
Hayesrealestate
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 27 at 4:11AM
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 Better Homes & Gardens Real Estate/The Masiello Group
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Investment Insights
Based on property information with market context.
Renovated mixed-use building with two exam rooms, a waiting area, reception space, and a porch on the first floor. An ADA-compliant ramp provides level access, and the first-floor bathroom is also ADA-compliant. The second floor contains a one-bedroom apartment, with a full third floor above it. A clean, usable basement adds further building space.
The property is on Broadway in Bangor, next to the I-95 south ramp. Average daily traffic is 30,000 vehicles. A walk-in clinic is across the street, and major shopping is nearby. Zoning is GC & SD, identified as General Commercial and Service District.
The property is on Broadway in Bangor, next to the I-95 south ramp. Average daily traffic is 30,000 vehicles. A walk-in clinic is across the street, and major shopping is nearby. Zoning is GC & SD, identified as General Commercial and Service District.
Key Highlights
- Two ground‑floor exam rooms, waiting area, and reception space
- Upstairs one‑bedroom apartment and full third floor
- ADA‑compliant ramp, level entry, and first‑floor bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,013
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,260
$300.3K
Cap Rate 7%
$214,471
$214.5K
Cap Rate 9%
$166,811
$166.8K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$22.9K $21.60/SF
− Vacancy
−$2.9K −$2.75/SF
EGI
$20.0K $18.85/SF
− OpEx
−$5.0K −$4.71/SF
NOI
$15.0K $14.14/SF
Area
Penobscot County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$300,260
Cap Rate 7%
$214,471
Cap Rate 9%
$166,811
Alternative Uses
Best Use
Office B
$214.5K
$187.7K – $250.2K
NOI $15,013 @ 7.0% cap · market cap 3.75%
Second Best
Healthcare Medical
$175.9K
$153.9K – $205.2K
NOI $12,314 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$343.0K
$300.1K – $400.2K
NOI $24,010 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - An upstairs one-bedroom apartment sits above a renovated ground-floor clinical layout with accessible entry.
Where is this mixed-use property located?
The property is located at 546 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two ground‑floor exam rooms, waiting area, and reception space; Upstairs one‑bedroom apartment and full third floor; ADA‑compliant ramp, level entry, and first‑floor bathroom
