586 Main St Bangor, ME 04401-6822
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.
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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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
USD · Bangor, MEng 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 Districts (as defined in Articles XIII , XIV and XV of this chapter). (6) Any use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.