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Property profile & analytics
OFF-MARKET
Land

1023 Union St Bangor, ME 04401

0.95 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.95-acre commercial land parcel presents a rare opportunity for development in Bangor, Maine. Located at 1023 Union Street, this property sits on the highly desirable Union Street retail corridor, benefiting from its strategic placement at a signalized intersection ensuring high visibility and accessibility. The asking price is $595,000, translating to a land value of $626,315 per acre. This makes it an attractive investment for developers seeking a prime location for a new retail tenant. The property's APN is 00000. The site is ideally suited for a variety of commercial uses, and the owner is open to exploring different development scenarios. This includes the possibility of a ground lease or a build-to-suit arrangement, offering flexibility to potential buyers or tenants. This is the last remaining retail pad site on this stretch of Union Street, making it a truly unique and highly sought-after opportunity. The property is located in Penobscot County, Bangor, ME, 04401. Its geographical coordinates are latitude 44.8187643 and longitude -68.8135269. Don't miss this chance to secure a prominent location in a thriving retail area.

Property profile
Verified
Property type Land
Lot 0.95 ac (41,382 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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