145 High St Bangor, ME 04401
- Commercial real estate
- 8,682 SF
- 0.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 145 High St
- Year built
- 1895
- Lot size
- 0.40 lot acres
- Property size
- 8,682 SF
- Property type
- Commercial real estate
Description
This exceptional Bangor, ME investment opportunity encompasses two well-maintained properties located at 145 Union Street and 62 High Street. The combined 8,682 square feet of space houses a total of 22 rental units, generating a strong and consistent cash flow. Recent capital improvements significantly enhance the value and efficiency of these properties. A brand-new, energy-efficient natural gas direct vent furnace has been installed, reducing operating costs and ensuring reliable heating for tenants. All vinyl windows have been replaced, further contributing to energy savings and improved aesthetics. Situated on a 0.4-acre lot, this property offers not only immediate income potential but also significant long-term appreciation prospects. The combination of modern upgrades and established character makes this a truly compelling investment opportunity in a desirable location. The properties are well-maintained and present a turnkey investment for a savvy buyer seeking a stable and growing income stream. This is a rare chance to acquire a substantial multifamily portfolio in a thriving Maine market. The asking price for this exceptional investment is $1,495,000. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7737
- Latitude
- 44.7995
