Mixed-Use Property with
New
For Sale
$399,900
546 Broadway, Bangor, ME 04401
Commercial Sale, Bangor, ME
Property Size1,062 SF
Lot Size0.54 Acres
Price / SF$376.55
Days on Market3
Property Features for 546 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC & SD
Rooms
Basement
Basement
Full
Accessibility
Accessible Approach with Ramp
Lot features
Near Turnpike/ Interstate, Business District, Bus Line, Near Shopping
Standard status
Active
Size
1,062 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5926
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Wood
Building materials
Wood Frame, Aluminum Siding, Vinyl Siding
Roof type
Shingle
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Holly Taylor · License #BR92630
(207) 431-2755
Added: Oct 7
Last Checked: Oct 9 at 1:06PM
MLS# 1683498
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.
Investment Insights
Based on property information with market context.
At 546 Broadway, this renovated mixed-use property includes two exam rooms, a waiting area, reception space, and a usable porch. An accessible ramp leads to a level entrance, and the first floor has an accessible bathroom. Upstairs is a one-bedroom apartment, with a full third floor above. The building also has a clean, usable basement and measures 1,062 square feet on a 0.54-acre parcel.
The property is across Broadway from Convenient MD and near major shopping. It is next to the I-95 South ramp, on a road with an average daily traffic count of 30,000 vehicles. Zoning is GC and SD, identified as General Commercial and Service District.
The property is across Broadway from Convenient MD and near major shopping. It is next to the I-95 South ramp, on a road with an average daily traffic count of 30,000 vehicles. Zoning is GC and SD, identified as General Commercial and Service District.
Key Highlights
- 1,062‑square‑foot building on a 0.54‑acre parcel
- Two exam rooms, waiting area, reception space, and usable porch
- Upstairs one‑bedroom apartment and full third floor
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated space combines accessible exam and reception areas with an upstairs one-bedroom apartment.
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: 1,062‑square‑foot building on a 0.54‑acre parcel; Two exam rooms, waiting area, reception space, and usable porch; Upstairs one‑bedroom apartment and full third floor
