Technical
Financial
Distress signals
Property profile

21 Washington St Bangor, ME 04401

OFF-MARKET
Retail space
Property ID
US42-0804159
10,000 SF 2.64 ac lot Built 1969
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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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

Location

21 Washington St Bangor, ME 04401-6518
Bangor metro Census 200 BANGOR, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$475k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$475k

Owner & transaction history

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
Zoning description

ructure or any expansion of such parking facility or lot. (4) Filling, grading and earthmoving activities if a land development permit is required under § 165-33 . (5) Any use, including permitted uses, in the NSD, USD,…

General category CIVIC_INSTITUTIONAL

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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