38 School Street, Bangor, ME 04401 (MLS# 1662824)

38 School Street, Bangor, ME 04401

$1,500,000

Property Type: Commercial Square Footage: 11,000 Lot Size (sq. ft.): 36,590 Status: Closed

Current Price: $1,500,000 List Date: 5/19/2026 Last Modified: 9/21/2026

Overview

Description

A prime investment opportunity located less than half a mile from I-95 (Exit 185) in one of Bangor's most active retail corridors. The property sits just off Broadway, surrounded by major national tenants including Hannaford, Planet Fitness, HomeGoods, TJ Maxx, and Starbucks. The 11,000± SF single-story steel-frame structure, formerly a retail/industrial facility, has completed a full interior renovation to accommodate Fedcap's office operations. The improvements include upgraded building systems, ADA compliance, and high-efficiency natural gas HVAC. With excellent visibility, ample on-site parking, and immediate proximity to Bangor's primary commercial arterials, 38 School Street offers investors a stabilized, long-term leased asset in a thriving submarket characterized by limited office supply and strong tenant demand.

Listing Details MLS# 1662824

Location Information

Street #: 38
Street Name: School
Street Type: Street
County: Penobscot
Town: Bangor
State/Province: ME
Zip Code: 04401
Leased Land: No
Book: 17220
Page: 313
Map: R41
Lot: 25
Zoning: S&PS
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 1675000

Property Information

Primary Use: Office
Surveyed: Unknown
SqFt Finished Total: 11000
Lot Size Acres +/-: 0.84

Status Change Info

Pending Date: 2026-07-15
Closed Date: 2026-09-17
Closed Price: 1500000

Sold Info

Appraiser Email Address: N/A

More Information

Property Features

Location: Near Shopping; Near Turnpike/Interstate; Retail Strip Property Uses: Commercial; Net Leased Parking: 21+ Spaces; On Site Sold Terms Other: Arms Length

Documents

Other Public Access 1 ›

Deed Public Access ›

Listing Office: CORE

Selling Office: F.O. Bailey Real Estate

Last Updated: September - 21 - 2026

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