116 Bangor Mall BlvdBangor, ME 04401

Property Details for 116 Bangor Mall Blvd

Year built

1996

Lot size

2.94 AC

Property size (Sq ft)

26,696 SF

Zone code

S&PS

Property type

Retail properties

Property subtype

Retail space

APN

BANG M:R61 L:019

APU

BANGMR61L019

Description

This exceptional 25,830-square-foot retail storefront, located at 116 Bangor Mall Boulevard in Bangor, Maine, presents a unique investment opportunity. Currently housing a Books-A-Million, this building boasts a full kitchen/cafe and a second floor featuring a large atrium and elevator, providing two usable retail levels. Built in 1996, the property sits on a 2.94-acre lot and includes 156 parking spaces, ensuring ample customer convenience. Its strategic location offers high visibility from major thoroughfares like I-95, Stillwater Avenue, and Hogan Road. The property is zoned S&PS and SP, allowing for diverse uses beyond traditional retail, offering flexibility for future development. A loading dock is also available. The asking price is $2,600,000. The property will be available in March 2024. Please note that Books-A-Million is currently operating within the space

• CAP approach

  CAP return

  Valuation

  6%

  $6,488,060

  6.5%

  $5,988,978

  7%

  $5,561,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,790,010

  Geo Method

  $8,790,010

• Alternative Use

  Use

  Valuation

  Residential

  $5,051,928

  Hospitality

  $4,627,538

  Educational

  $3,850,058

  Medical

  $3,982,467

  Retail

  $5,988,978

Location Insight

City

Bangor

County

Penobscot

State

Maine

Latitude

44.8329

Longitude

-68.7461

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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