720 Broadway, Bangor, ME 04401 (MLS# 1612720)
720 Broadway, Bangor, ME 04401
$3,300,000
Property Type:
Commercial
Square Footage:
17,800
Lot Size (sq. ft.):
82,328
Status:
Closed
Current Price:
$3,300,000
List Date:
1/17/2025
Last Modified:
8/31/2025
Description
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.
Supplements: ********
More Information MLS# 1612720
Location Information
Street #: 720
Street Name: Broadway
County: Penobscot
Town: Bangor
State/Province: ME
Zip Code: 04401
Zip +4: 3393
Leased Land: No
Book: 8508
Page: 242
Map: R-41
Lot: 3-C
Zoning: S & PS
Zoning Overlay: Unknown
Full Tax Amount $: 32140
Tax Year: 2024
Tree Growth Y/N: No
Association Y/N: No
Geo Lat: 44.824868
Geo Lon: -68.78158
Contract Information
Status: Closed
Original List Price: 3299000
Sold Price: $3,300,000
Current Price: $3,300,000
Property Information
Primary Use: Investment
Surveyed: No
Deed/Conveyance Type Offered: Warranty
Deed: Partial
Deed Restrictions: Unknown
Bank Owned REO: No
Year Built: 1984
Year Renovated +/-: 2019
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 1
SqFt Finished Total: 17800
Lot Size Acres +/-: 1.89
Road Frontage +/-: 215
Status Change Info
Pending Date: 2025-05-11
Closed Date: 2025-08-28
Closed Price: 3300000
Commercial Bldg Information
Retail SqFt: 17100
Total Units: 5
Traffic Count +/-: 25500
Water Info
Water Frontage: No
Water View: No
Island: No
Utilities
Utilities On: Yes
Sold Info
Appraiser Email Address: andrec@eradawson.com
Property Features
Location: Business District; Near Turnpike/Interstate; Retail Strip
Construction: Steel Frame; Wood Frame
Property Uses: Freestanding Building; Retail
Basement: None
Foundation Materials: Poured Concrete; Slab
Exterior: Metal Clad
Roof: Metal; Shingle
Heat System: Direct Vent Furnace; Forced Air
Heat Fuel: Gas Natural
Cooling: Central Air
Floors: Concrete; Vinyl
Building Features: Sprinkler - Wet
Parking: 21+ Spaces; On Site; Paved
Electric: Circuit Breakers
Gas: Natural - On Site
Sewer: Public Sewer
Water: Public
Sold Terms Other: Arms Length
Documents
Deed Public Access ›Listing Office: SVN The Masiello Group
Last Updated: August - 31 - 2025
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