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Property profile & analytics
OFF-MARKET
Retail space

21 Washington St Bangor, ME 04401-6518

10,000 SF 2.64 ac lot Built 1969
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US42-0804159
Property summary
AI-generated overview

This exceptional commercial property, located at 21 Washington Street in Bangor, Maine's vibrant Downtown Development District, presents a unique investment opportunity. Situated within Penobscot Plaza, this single-tenant, 9,672 square foot office building offers unparalleled visibility and accessibility. Built in 1969 and extensively renovated in 2016, the property features a spacious main showroom (approximately 103 feet by 55 feet) with impressive 18-foot ceilings. Additional space includes a former cooler area (13 feet by 73 feet), a back hallway, ample storage, an office, two upstairs bathrooms, a main-level ADA-compliant bathroom, and a convenient lunchroom. A large receiving door enhances logistical efficiency. The property sits on a 0.23-acre lot and includes 15 paved parking spaces, a significant advantage in a bustling downtown location. The building is classified as Class B and is conveniently located within walking distance of the Darling's Waterfront Pavilion. Zoned for the Downtown Development District, this property offers a versatile space suitable for a variety of office uses. The building is a single-story structure with a 16-foot ceiling height. This is a rare opportunity to acquire a well-maintained, established commercial property in a prime Bangor location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 10,000 SF
Lot 2.64 ac (114,998 SF)
Zoning code DDD
APN BANG M:050 L:017-21
UPID US42-0804159
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Mcfreehart LLC · 2 yrs held
Mcfreehart LLC
since 2024
Last sale
$475,000
3 recorded transactions
2025
Price N/A
2024
$475,000
2021
Price N/A
Zoning & alternative use
DDD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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