145 Union St & 62 High St, Bangor, ME 04401

$1,550,000
Property Type: Commercial Square Footage: 8,682 Lot Size (sq. ft.): 17,424 Status: Closed
Current Price: $1,550,000 List Date: 8/09/2024 Last Modified: 5/16/2025

Overview

Description

Discover an exceptional investment opportunity with these well-maintained properties featuring 22 units between the two buildings, each boasting strong cash flow. Recent updates enhance the overall appeal, including a brand-new natural gas direct vent furnace, replacement vinyl windows, ensuring efficient heating and reduced energy costs. These properties not only promise reliable income but also showcases the potential for future appreciation. Don't miss out on owning a prime piece of real estate that combines modern upgrades with established character.

Listing Details MLS# 1599864

Location Information

Street #
145
Street Name
Union St & 62 High St
County
Penobscot
Town
Bangor
State/Province
ME
Zip Code
04401
Leased Land
No
Book
14835
Page
151
Map
042
Lot
102/103
Zoning
M&SD
Association Y/N
No

Contract Information

Original List Price
1495000

Property Information

Primary Use
Multi Family
Surveyed
Unknown
Deed
All
Year Built
1895
Tenancy
Multiple Tenants
Leases
Partial
SqFt Finished Total
8682
Lot Size Acres +/-
0.4
Road Frontage +/-
214

Status Change Info

Pending Date
2025-04-05
Closed Date
2025-05-16
Closed Price
1550000

Commercial Bldg Information

Gross Income
158764.13
Total Units
22

Utilities

Utilities On
Yes

More Information

Sold Info

Appraiser Email Address
ldrohosky@bbgres.com

Easement Remarks

Easement Remarks
Utility & Foot Passage on Sidewalk

Property Features

Location: Bus Line; Downtown; Historic District; Near Shopping; Near Turnpike/Interstate; Public Transport Access Construction: Masonry; Wood Frame Property Uses: Other Basement: Full; Walk-Out Access Foundation Materials: Brick/Mortar; Granite; Poured Concrete; Stone Exterior: Brick; Clapboard Roof: Pitched; Slate Heat System: Baseboard; Direct Vent Furnace; Hot Water; Radiator; Steam Heat Fuel: Gas Natural Cooling: None Floors: Vinyl; Wood Parking: 5 - 10 Spaces; On Street Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Documents

IDX
Listing Office: Berkshire Hathaway HomeServices Northeast Real Estate
Selling Office: NextHome Experience
Last Updated: May - 16 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
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