People's United Retail Branch and Offices

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30326181
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail
Building Size (RSF): 26,239 SF
Gross Building Area: See Agent
Gross Land Area: 1.59 Acres
Sale Price: See Agent
Property Use Type: Investment, Vacant/Owner-User
Building Name: People's United Bank
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/8/2019

Overview / Comments

Two (2) building complex comprised of 26,239± SF of retail and office space on 1.59± AC.

183 Main Street consists of a 9,300± SF Class A office building, which is vacant.

201 Main Street consists of a 3,168± SF bank branch and 13,771±SF of office space, both of which are currently occupied by People's United Bank, N.A., and would like to remain a tenant.

The property is ideally located in Bangor near one of the area's busiest intersections.

Existing TIF income of $62,500/year in place until 2023, and is transferable to the new owner.

Additional Details

Nearest MSA: Bangor
County: Penobscot
Taxing Authority: Bangor
Tax ID/APN: Map 42, Lots 047 & 047A
Zoning: DOWNTOWN DEVELOPMENT DISTRICT
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Excellent
Largest Nearby Street: Route 1A
Highway Access: Maine Turnpike
Airports: Bangor International Airport
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Excellent
Total Parking Spaces: 67
Parking Type: Surface
Zoning Description: Government & Institutional Service District Downtown Development District
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,214 39,742 52,502
Median Age: 35.58 38.26 38.85
Households: 6,502 17,610 22,948

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