Property profile

1570 Broadway Bangor, ME 04401

FOR SALE
Office buildings
Property ID
US42-0191227
6,170 SF 1.83 ac lot Built 1979
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A multi-level office/medical building with a passive solar envelope design intended to support efficient heating. The structure includes outer north and south walls, a ground floor, and a roof engineered to create free airflow between outer and interior wall spaces; it is designed to distribute solar heat via ductwork running from the roof peak to the rear wall, with backup heating and cooling provided by heat pumps and a propane fireplace located in a Great Room. The interior layout includes bathrooms on both floors, large open conference areas, numerous individual office suites on both levels, and two second-floor fire escapes; additional storage is provided throughout. The building contains approximately 6,510 square feet total (approximately 4,578 square feet on the first floor and 1,932 square feet on the second floor, per city records). The site comprises a 1.83-acre lot (Map/Lot R31-14) and the property is zoned G&ISD, with contract zoning for G&ISD noted for the lot. Two additional included lots—Map/Lot R31-14C and R31-14D—each with approximately 1.96 acres and zoned RRA. The property is located near the edge of Bangor’s retail/shopping development, has two entrances/exits, and provides over 40 parking spaces; the Shopping & Personal Services District is located across Broadway, which may provide additional potential business uses depending on permitting and planning review.

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

Location

1570 Broadway Bangor, ME 04401
Bangor metro Census 31100 BANGOR, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

Zoning & alternative use

G&ISD · Bangor, ME

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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