97 Allen St Bangor, ME 04401
- Office buildings
- 1,590 SF
- 0.23 lot acres
Current Use by Public Records
- Office buildings
Property Details for 97 Allen St
- Year built
- 1936
- Lot size
- 0.23 lot acres
- Property size
- 1,590 SF
- Zone code
- NSD
- Property type
- Office buildings
- APN
- BANG M:012 L:039
- APU
- BANGM012L039
Description
This exceptional commercial office building, located at 97 Allen Street in Bangor, Maine, presents a unique opportunity for businesses seeking a move-in ready space. The 1,365 square foot building sits on a 0.23-acre lot and underwent a complete remodel in 2019. The interior boasts five private offices, a versatile conference/break room ideal for collaborative work or client meetings, and a welcoming waiting area for visitors. A full basement provides ample space for utilities and storage. The building's infrastructure is modern and efficient, featuring a recently installed central heating and air conditioning unit, ensuring year-round comfort. All electrical systems were updated during the 2019 renovation, providing peace of mind and energy efficiency. Utilities are serviced by public water and sewer, with natural gas heating. A significant advantage is the expansive paved parking area, offering convenient parking for staff and clients. This turnkey property eliminates the need for extensive renovations or upgrades, allowing businesses to focus on their operations immediately. The prime Bangor location ensures high visibility and accessibility. This is an exceptional opportunity to acquire a fully renovated, well-maintained commercial office building in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $375,000
- 7%
- $375,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $360,000
- Geo Method
- $375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $375,000
- Mixed-Use
- $330,000
- Hospitality
- $400,000
- Educational
- $320,000
- Residential Income
- $350,000
- Energy
- $310,000
- Income-Based Land
- $350,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Bangor
- County
- Penobscot
- State
- Maine
- Longitude
- -68.7957
- Latitude
- 44.8018
- CBSA code
- 12620
- CBSA name
- BANGOR, ME METROPOLITAN STATISTICAL AREA