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Property profile & analytics
FOR SALE
Office buildings

1570 Broadway Bangor, ME 04401

6,170 SF 1.83 ac lot Built 1979
Individually Owned Absentee Owner Free & Clear
Property ID
US42-0191227
Property summary
AI-generated overview

This remarkable, passive solar-designed office/medical building offers a unique and efficient heating system. The building's innovative design utilizes natural airflow and solar energy (approximately 40,000+ BTUs) for heating, supplemented by heat pumps and a propane fireplace in the spacious Great Room. The versatile floor plan includes bathrooms on both floors, large open conference areas, numerous individual office suites, and ample storage throughout. Two fire escapes enhance second-floor safety. Conveniently situated at the edge of Bangor's retail and shopping district, the property boasts two entrances/exits and over 40 parking spaces. Currently zoned G&ISD, its location offers potential for expansion given its proximity to the Shopping & Personal Services District across Broadway. City records indicate a building size of approximately 6,510 square feet (4,578 sq ft on the first floor and 1,932 sq ft on the second floor). The 1.83-acre lot (Map/Lot: R31-14) presents an exceptional opportunity. The sale includes the potential to acquire two additional adjacent lots (Map/Lot R31-14C & 14D), each approximately 1.96 acres and zoned RRA, for a total of approximately 5.75 acres. This presents a significant expansion opportunity for the right buyer.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 6,170 SF
Lot 1.83 ac (79,715 SF)
Zoning code G&ISD
APN BANG M:R31 L:014
UPID US42-0191227
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
MOSHE MYEROWITZ
MOSHE MYEROWITZ
Zoning & alternative use
G&ISD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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