80 Exchange StBangor, ME 04401

Property Details for 80 Exchange St

Year built

1976

Lot size

1.20 AC

Property size (Sq ft)

117,500 SF

Zone code

DDD

Property type

Office properties

Property subtype

Office buildings

APN

BANG M:042 L:231

APU

BANGM042L231

Description

This exceptional Class A office building, located at 80 Exchange Street in Bangor, Maine, offers a variety of flexible office spaces for lease. The property, situated on 1.2 acres, boasts a total of 88,478 square feet, with available suites ranging from a minimum of 782 square feet to a maximum contiguous space of 11,706 square feet. Currently, 24,699 square feet are vacant and ready for immediate occupancy. Originally constructed in 1973, the building underwent significant renovations in 2019, ensuring modern amenities and a professional environment. Its prime downtown location offers unparalleled convenience, being adjacent to the Penobscot County Judicial Center and within easy walking distance of numerous downtown amenities. The building's strategic location also provides convenient access to Interstates 95 and 395, enhancing accessibility for employees and clients. This multi-tenant building presents a unique opportunity for businesses seeking high-quality office space in the heart of Bangor. The property is ideal for both traditional and creative office uses. Contact us today to learn more about leasing opportunities and explore how this exceptional space can meet your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $19,426,260

  6.5%

  $17,931,932

  7%

  $16,651,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,352,550

  Geo Method

  $15,352,550

• Alternative Use

  Use

  Valuation

  Residential

  $22,235,596

  Hospitality

  $20,367,686

  Educational

  $16,945,676

  Medical

  $17,528,464

  Retail

  $26,359,940

Location Insight

City

Bangor

County

Penobscot

State

Maine

Latitude

44.801

Longitude

-68.7691

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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