Bangor, ME 04401 720 Broadway
$3,299,000



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Presented By: SVN The Masiello Group;
Home Details
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.
Presented By: SVN The Masiello Group;
Interior Features for 720 Broadway
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementNone
Basement (Y/N)No
FlooringVinyl, Concrete
Heating Y/NYes
General for 720 Broadway
Additional Parcels Y/NNo
Building FeaturesSprinkler - Wet
Business TypeFreestanding Building, Retail
Carport Y/NNo
CityBangor
Construction MaterialsMetal Clad, Steel Frame, Wood Frame
CoolingCentral Air
CountyPenobscot
ElectricCircuit Breakers
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingForced Air, Direct Vent Furnace
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet82328.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Property SubtypeInvestment
Property TypeCommercial Sale
Rent Control Y/NNo
RoofMetal, Shingle
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount32140.0
Tax Lot3-C
Tax Year2024
Virtual TourClick here
Waterfront Y/NNo
Year Built1984
ZoningS & PS
Exterior for 720 Broadway
Building Area Total17800.0
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter, Slab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNear Turnpike/Interstate, Business District, Retail Strip
Lot Size Acres1.89
Lot Size Area1.89
Open Parking Y/NNo
Parking Features21+ Spaces, On Site, Paved
Water SourcePublic
Additional Details
Price History

Dustin Mallar
Broker