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

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.

Supplements: ********

More Information MLS# 1599864

Location Information

Book: 14835 Leased Land: No Page: 151 Map: 042 Lot: 102/103 Association Y/N: No Street #: 145 Street Name: Union St & 62 High St County: Penobscot Town: Bangor State/Province: ME Zip Code: 04401 Zoning: M&SD Geo Lat: 44.799572 Geo Lon: -68.773973

Property Information

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

Location

Bus Line: 1 Downtown: 1 Historic District: 1 Near Shopping: 1 Near Turnpike/Interstate: 1 Public Transport Access: 1

Easement Remarks

Easement Remarks: Utility & Foot Passage on Sidewalk

Commercial Bldg Information

Gross Income: 158764.13 Total Units: 22

Property Uses

Other: 1

Construction

Masonry: 1 Wood Frame: 1

Basement

Full: 1 Walk-Out Access: 1

Foundation Materials

Brick/Mortar: 1 Granite: 1 Poured Concrete: 1 Stone: 1

Exterior

Brick: 1 Clapboard: 1

Roof

Pitched: 1 Slate: 1

Heat System

Baseboard: 1 Direct Vent Furnace: 1 Hot Water: 1 Radiator: 1 Steam: 1

Heat Fuel

Gas Natural: 1

Cooling

None: 1

Floors

Vinyl: 1 Wood: 1

Parking

5 - 10 Spaces: 1 On Street: 1

Electric

Circuit Breakers: 1

Utilities

Utilities On: Yes

Gas

Natural - On Site: 1

Sewer

Public Sewer: 1

Water

Public: 1

Sold Info

Appraiser Email Address: ldrohosky@bbgres.com

Contract Information

Status: Closed Original List Price: 1495000 Sold Price: $1,550,000 Current Price: $1,550,000

Status Change Info

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

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
Listing Office: Berkshire Hathaway HomeServices Northeast Real Estate
IDX
Last Updated: May - 16 - 2025
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