720 Broadway

Bangor

$3,299,000
ActiveMLS# 1612720
  • Investment
  • Built in 1984
  • 1.89 AC
  • 5U
  • 17,800 SqFt

100% leased multi-tenanted building located on busy Broadway. Tenants include Advance Auto, Subway, Pine State Nutrition, Game Citadel and Marijuanaville. Main building is a 16,000/sf steel frame with an 1,800/sf addition which is a wood frame structure on a concrete slab with pre-engineered roof structure finished with an asphalt shingle roof. Some of the rents being charged are below market rates. NOI can easily be increased over the next five years with lease renewals increasing NOI. Owner has completely renovated and updated building and property. Building is fully sprinklered. Each unit has its own HVAC units. All units have been updated within the past two years or so. Building and property have both been well maintained. Cross easement to and from Walgreens Pharmacy. Neighboring tenants include Walgreens Pharmacy, Hannaford Supermarket, T.J. Maxx, U.S. Cellular and Katahdin Trust. This is truly an opportunity for an investor looking for tax benefits and growth in income. Location is phenomenal with high traffic visibility.

  • Year Built 1984
  • County Penobscot
  • City Bangor
  • Lot Size 1.89 acres
  • Zone S & PS
  • Location Business District, Near Turnpike/Interstate, Retail Strip
  • Water Frontage No
  • Full Tax Amount $32,140.00
  • Tax Year 2024
  • Monthly Association Fee $0.00
  • Total Units 5
  • Basement None
  • Construction Steel Frame, Wood Frame
  • Exterior Metal Clad
  • Foundation Materials Poured Concrete, Slab
  • Basement None
  • Roof Metal, Shingle
  • Floors Concrete, Vinyl
  • Heat System Direct Vent Furnace, Forced Air
  • Heat Fuel Gas Natural
  • Gas Natural - On Site
  • Electric Circuit Breakers
  • Water Public
  • Waste Water Disposal Public Sewer
  • Parking 21+ Spaces, On Site, Paved
Property Panorama tour for 1612720
SVN The Masiello Group