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    586 Main St Bangor, ME 04401

    Sponsored
    For Lease
    $144 SF/Yr

    Iconic building, 28,837 sq ft, fully vacant.

    Lot size:
    28,837 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 586 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,837 SF
    Class
    B
    Total Rate
    346044

    Building Details

    Year Built/Renovated
    1928/2022
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space
    Size
    14,342 SF
    Rate per SF
    $144

    HighLights

    • 28,837 square foot commercial building at 586 Main Street, Bangor, ME.
    • Fully vacant and ready for immediate occupancy.
    • Class B building, extensively renovated in 2022.
    • Flexible layout suitable for office, flex space, distribution, or retail.
    • 21 parking spaces.
    • Urban Service zoning, near I‑395 Interchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    El Dorado Tattoos Tattoo Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7787393
    Latitude
    44.7860101

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    FAQs

    What type of property is this?
    Individual retail property - Iconic building, 28,837 sq ft, fully vacant.
    Where is this individual retail property located?
    The property is located at 586 Main St Bangor, ME.
    What is the lease rate?
    The lease rate is $144 SF/Yr.
    What are key features of this property?
    This property features: 28,837 square foot commercial building at 586 Main Street, Bangor, ME.; Fully vacant and ready for immediate occupancy.; Class B building, extensively renovated in 2022.
    Request Owner's contact information
    586 Main St Bangor, ME 04401
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    Bangor, ME 04401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    586 Main St Bangor, ME 04401
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