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Property profile & analytics
FOR LEASE
Super regional malls

663 Stillwater Ave Bangor, ME 04401

604,872 SF 67.61 ac lot Built 1980
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Property ID
US42-0691753
Property summary
AI-generated overview

This exceptional industrial property, located at 663 Stillwater Ave in Bangor, Maine, offers a significant opportunity for businesses seeking flexible space. The property, encompassing a total of 531,032 square feet, currently has 115,000 square feet available for sale or lease. The building, constructed in 1980, is situated on a substantial 78.18-acre lot and provides ample parking with 440 spaces. The property's zoning is currently NS - Neighborhood Service, however, a zone change is pending to allow for industrial uses, opening up a wider range of possibilities for potential tenants. This prime location offers excellent visibility from I-95, providing easy access for transportation and logistics. The property's versatility, encompassing flex, warehouse, and distribution space, caters to a diverse range of business needs. The available space ranges from 7,400 square feet to the entire 115,000 square feet, offering flexibility for businesses of various sizes. Its proximity to the University of Maine, just seven miles south, adds to its strategic appeal. This is a rare opportunity to acquire or lease a substantial industrial property in a thriving Maine location. The property is in Penobscot County, zip code 04401.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1980
Total area 604,872 SF
Lot 67.61 ac (2,945,092 SF)
Zoning code S&PS
APN BANG M:R61 L:009-G
UPID US42-0691753
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
Current use
Occupant on record · Public records
  • Kay Jewelers (Bike/Boat/Book/etc) Store
  • Some Theatre Company Theater & Performing Art Venue
  • American Eagle Men'S Clothing Store Swimwear Store
  • Zumiez Clothing & Fashion Store (Bike/Boat/Book/etc) Store
  • Hot Topic Clothing Store Fashion Accessories Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$64.10M
Owner & transaction history
Bangor Mall LLC · 10 yrs held
Bangor Mall LLC
since 2016
2 recorded transactions
2019
Price N/A
2016
Price N/A
Zoning & alternative use
S&PS · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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