Iconic Downtown Office tower

Office for Sale
Sale Pending
Catylist Listing ID: 30372959
Property Subtypes: Office Building, General
Status: Pending
Building Size (RSF): 54,987 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $2,750,000
Unit Price: $50.01 PSF
Property Use Type: Investment, Business
Building Name: 1 Merchants Plz
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2019

Overview / Comments

Iconic downtown office tower that is perfectly positioned for redevelopment into multi family housing or possibly the right fit for a owner/ user who is looking to occupy a significant amount of square footage for their offices in downtown. The property includes over 40 on site parking spaces and holds endless opportunities for a developer.

Additional Details

Nearest MSA: Bangor
County: Penobscot
Tax ID/APN: 042-198
Zoning: DOWNTOWN DEVELOPMENT DISTRICT
Site Description: Parking: adjacent to municipal parking garage HVAC: state of the art Has Sprinklers
Number of Stories: 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,129 39,742 52,502
Median Age: 36.24 38.26 38.85
Households: 6,885 17,610 22,948

Contact

Photograph of Listing Agent

Charles W. Day

Porta & Co.
NECPE Member
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