190 Harlow St St Bangor, ME 04401

Property Details for 190 Harlow St St

Year built

1958

Lot size

0.35 lot acres

Property size

16,496 SF

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 190 Harlow Street in Bangor, Maine, presents a unique investment opportunity. Spanning 16,496 square feet on a 0.35-acre lot, this building boasts a prime downtown location and a rich history as Bangor's largest nightclub for nearly two decades. Currently configured as three separate commercial spaces, the property offers immense flexibility for a variety of uses, including restaurants, breweries, or entertainment venues. The zoning allows for diverse possibilities, making it an adaptable asset for future development. Ample on-site parking is complemented by convenient public parking directly adjacent to the building, ensuring easy access for patrons and employees. The property's strong financial performance is evident in its historically high net operating income (NOI) of $127,250 per year. Priced significantly below assessed value at $975,000, this represents a compelling opportunity for investors seeking a high-return property in a vibrant downtown setting. The building's substantial size and versatile layout provide a solid foundation for a thriving business or a portfolio addition with significant upside potential. Don't miss this chance to acquire a well-established, income-generating property in a desirable Maine location.

Location Insight

City

Bangor

County

Penobscot

State

Maine

Longitude

-68.7747

Latitude

44.8046