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961 Un St Bangor, ME 04401

OFF-MARKET Showrooms Google Maps
13,950 SF 5 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$475k
Range $428k – $523k (±10%)
Property ID US42-0211333

Property summary

AI-generated overview

This exceptional 5-acre commercial property at 961 Union Street in Bangor, Maine, presents a unique investment opportunity. Boasting 280 feet of frontage on Union Street, this high-traffic location offers unparalleled visibility and accessibility. The property includes a substantial 7,200 square foot storage building equipped with four convenient loading docks, ideal for various commercial uses. The existing structure provides immediate income potential or a solid foundation for redevelopment. The expansive acreage allows for a multitude of development possibilities, from expanding the existing building to constructing new structures. Its proximity to the Bangor airport further enhances its appeal. The zoning currently permits commercial use, but the potential for a zone change opens up exciting possibilities for residential development, including hotels, retail spaces, or multi-unit residential buildings. This rare, large in-town lot offers a blank canvas for creative entrepreneurs and developers seeking a prime location in a thriving Maine city. The possibilities are truly limitless. This is a rare opportunity to acquire a significant piece of Bangor real estate with exceptional potential for growth and return on investment.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1970
Total area 13,950 SF
Lot 5 ac (217,800 SF)
Zoning code S&PS
APN BANG M:R24 L:005
UPID US42-0211333

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.28M
Blend (final) Blend
$475k

Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Zoning & alternative use

S&PS · Bangor, ME

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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