Mixed-Use Building with
New
For Sale
$399,900
546 Broadway, Bangor, ME 04401
Bangor, ME
Property Size1,062 SF
Price / SF$376.55
Days on Market4
Property Features for 546 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
1,062 SF
Building Details
Year built
1920
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Holly Taylor · License #BR92630
(800) 741-1540
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 1683498
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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.
This 1,062-square-foot mixed-use property was built in 1920 and has been renovated. Its first floor includes two exam rooms, reception and waiting areas, a level entry served by an ADA-compliant ramp, and an ADA-compliant bathroom. A porch, clean usable basement, and one-bedroom apartment on the second floor add to the configuration; a full third floor is also present.
The property is zoned General Commercial and Service District. It sits next to the I-95 south ramp on a major road with an average daily traffic count of 30,000 vehicles. ConvenientMD is across the street, and major shopping is nearby.
The property is zoned General Commercial and Service District. It sits next to the I-95 south ramp on a major road with an average daily traffic count of 30,000 vehicles. ConvenientMD is across the street, and major shopping is nearby.
Key Highlights
- 1,062‑square‑foot property built in 1920
- First floor includes two exam rooms, reception, and waiting areas
- ADA‑compliant ramp provides level entry; first‑floor bathroom is ADA‑compliant
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 - An ADA-accessible first floor offers exam rooms, reception, and waiting space.
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 property built in 1920; First floor includes two exam rooms, reception, and waiting areas; ADA‑compliant ramp provides level entry; first‑floor bathroom is ADA‑compliant
