187-197 & 205 Exchange Street

Retail-Commercial for Sale
Catylist Listing ID: 30772214
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 26,160 SF
Gross Building Area: See Agent
Sale Price: $1,525,000
Unit Price: $58.30 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/13/2022

Overview / Comments

We are pleased to offer two buildings in the iconic Nichols Block in downtown Bangor for sale. The buildings consists of retail and office space with tenants such as Black Bear Brewing Company, Bangor Symphony Orchestra, and Thompson Hamel. Ideally located less than 2± miles from the Maine Turnpike/I-95. Rare investment opportunity with undermarket rents and development potential.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $26,400 (Annual)

Additional Details

Nearest MSA: Bangor
County: Penobscot
Tax ID/APN: Map 49, Lot 30 & 28A
Zoning: DDD
Lot Frontage: 100

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,672 39,742 52,502
Median Age: 36.65 38.26 38.85
Households: 6,977 17,610 22,948

Contact

Photograph of Listing Agent

T.C. Haffenreffer

The Dunham Group NECPE Member
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