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Property profile

44 Center Street Ave Bangor, ME 04401

OFF-MARKET
Mixed-use properties
2,630 SF 0.18 ac lot Built 1912
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Property summary

AI-generated overview

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

Property profile

Verified
Property type Mixed-use properties
Year built 1912
Total area 2,630 SF
Lot 0.18 ac (7,841 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

44 Center Street Ave Bangor, ME 04401
Bangor metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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