1570 Broadway Bangor, ME 04401
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G&ISD · Bangor, MEBangor. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.