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Property profile & analytics
OFF-MARKET Estimated value $1,920,000
Retail space

586 Main St Bangor, ME 04401-6822

28,756 SF 0.9 ac lot Built 1928
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US42-0511391
Property summary
AI-generated overview

This exceptional 28,837 square foot commercial property, located at 586 Main Street in Bangor, Maine, presents a unique opportunity for a variety of businesses. The building, originally constructed in 1928 and extensively renovated in 2022, boasts a Class B rating and offers a flexible layout suitable for a range of uses including executive office, flex space, distribution, and retail. Currently fully vacant, the single-tenant property is ready for immediate occupancy. The building comprises two stories and features 21 parking spaces, a significant advantage in a busy urban setting. Its zoning is classified as Urban Service, reflecting its prime location next to the I-395 Interchange. The property's 28,837 square feet provide ample space for a large-scale operation, making it ideal for a retailer, wholesaler, or distribution center. The building's rich history as the former Shriners Building adds to its character and appeal. This property offers a blend of historical charm and modern functionality, situated in Penobscot County, Maine, with the APN BANG-000026-000000-000046-B000000. The address is 586 Main St, Bangor, ME 04401. This is a rare opportunity to secure a substantial, renovated commercial space in a highly desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1928
Total area 28,756 SF
Lot 0.9 ac (39,204 SF)
Zoning code USD
APN BANG M:026 L:046-B
UPID US42-0511391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • El Dorado Tattoos Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.09M
Blend (final) Blend
$1.92M
Owner & transaction history
Me Strain Distributors · 4 yrs held
Me Strain Distributors
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
USD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ng structure or any expansion of such parking facility or lot. (4) Filling, grading and earthmoving activities if a land development permit is required under § 165-33 . (5) Any use, including permitted uses, in the NSD, USD, DDD, WDD, ADD (except for airport traffic control and direct aviation support uses), BPD, UID, G & ISD, S & PS, GC & S, T & S and I & S…

Zone name Urban Service District
General category COMMERCIAL
Zone area 76.53 ac
Top alternative use upside
Commercial (general) $3.2M +7.9%
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