21 Washington St Bangor, ME 04401-6518
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.
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
DDD · Bangor, MEBangor. Always verify with local authorities before improvements.
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.