44 Center Street Ave Bangor, ME 04401
- Mixed-use properties
- 2,630 SF
- 0.18 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 44 Center Street Ave
- Year built
- 1912
- Lot size
- 0.18 lot acres
- Property size
- 2,630 SF
- Property type
- Mixed-use properties
Description
This three-story, 2,630 square foot mixed-use building in Bangor, ME, presents a compelling investment opportunity. Located on a 0.18-acre lot on Center Street, this property boasts a newly paved (2022) parking lot accommodating at least nine vehicles. The building's prime location is convenient to shopping, downtown, restaurants, pubs, the airport (10 minutes), and hospitals (5 minutes), and sits directly on the city bus route. The interior features hardwood and vinyl flooring on the first and second floors, with carpeted upper levels. The floor plan includes a full bath on the first floor, a half bath on the second, and an unfinished 18'x26' attic space with pine flooring, offering significant expansion potential. Recent upgrades include a new roof (2015), boiler replacement (2015), foundation repairs (2020), asbestos removal (2020), and the addition of baseboard heat to the first-floor bath (2023). All major systems are updated, minimizing maintenance concerns. The flexible floor plan allows for diverse uses, including residential units, daycare, office suites, retail space, or a combination thereof. This property offers significant upside for an investor seeking a strong cash flow opportunity in a desirable location. The groundwork is complete
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
- -68.771
- Latitude
- 44.8048
