Financial
Distress signals
Property profile

89 State St Bangor, ME 04401

OFF-MARKET
Retail space
Property ID
US42-0255740
29,260 SF 1.42 ac lot Built 1950
Last sale Feb 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional retail property, located at 89 State Street in Bangor, Maine, offers a significant opportunity for a discerning tenant. The building boasts a total of 29,260 square feet, with 14,400 square feet currently available for lease. Situated on a generous 1.42-acre lot, the property provides ample space and visibility. Built in 1950, the building is zoned as Urban Service District (USD) within Penobscot County. The property features approximately 70 parking stalls, ensuring

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$970k
Assessed land$261k
Assessed improvement$709k
Effective rate1.92%

Value estimate

· Sep 2026
$770k
$693k – $847k
Submarket $/SF estimate$2.12M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$73 – $168

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
USD
The Urban Service District is established to accommodate the shopping needs of a much larger consumer population and area of residency th...
General categoryCOMMERCIAL
JurisdictionBANGOR

Location intelligence

Which uses thrive at this corner?
Best fit: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service9.0
Watch Repair Shop8.8
Laundromat8.5

Location

89 State St Bangor, ME 04401-5353
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 Target, Bangor, ME 04401-5715 $2,500,000 Dec 2025 16,568 SF
1010 Stillwater, Bangor, ME 04401-2616 $7,150,000 Apr 2025 20,000 SF
25 Dowd, Bangor, ME 04401-6733 $2,465,353 Feb 2025 24,000 SF
74th Main, Bangor, ME 04401-6304 $1,100,000 Nov 2024 16,034 SF
729 Hogan, Bangor, ME 04401-3625 $1,321,739 Aug 2024 15,566 SF
38 School, Bangor, ME 04401-3237 $850,000 May 2024 11,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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