$3,299,000
720 Broadway
Bangor
Listing Courtesy of
SVN The Masiello Group
720 Broadway, Bangor, ME 04401
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 .is an 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.
Main building is a 16,000/sf steel frame .is an 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.
Listing Courtesy of
SVN The Masiello Group
DETAILS
- Listing Id1612720
- StatusActive
- TypeCommercial Sale
- Map / LotR-41 / 3-C
- Book / Page8508 / 242
- Waste Water DisposalPublic Sewer
- WaterPublic
- Heat SystemDirect Vent Furnace, Forced Air
- CoolingCentral Air
- ElectricCircuit Breakers
- BasementNone
- RoofMetal, Shingle
- FloorsConcrete, Vinyl
- GarageNo
- Lot FeaturesBusiness District, Near Turnpike/Interstate, Retail Strip
- Parking Features21+ Spaces, On Site, Paved
- Checked For UpdatesTuesday, January 21, 2025 at 7:32 PM
- IDX Listing UpdatedSaturday, January 18, 2025 at 6:32 AM
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