720 Broadway, Bangor, ME 04401

$3,300,000
Property Type: Commercial Square Footage: 17,800 Lot Size (sq. ft.): 82,328 Status: Closed
Current Price: $3,300,000 List Date: 1/17/2025 Last Modified: 8/31/2025

Overview

Description

100% leased multi-tenanted building located on busy Broadway. Tenants include Advance Auto, Subway, Pine State Nutrition, Game Citadel and Marijuanaville. Main building is a 16,000/sf steel frame with an 1,800/sf addition which is a wood frame structure on a concrete slab with pre-engineered roof structure finished with an asphalt shingle roof. Some of the rents being charged are below market rates. NOI can easily be increased over the next five years with lease renewals increasing NOI. Owner has completely renovated and updated building and property. Building is fully sprinklered. Each unit has its own HVAC units. All units have been updated within the past two years or so. Building and property have both been well maintained. Cross easement to and from Walgreens Pharmacy. Neighboring tenants include Walgreens Pharmacy, Hannaford Supermarket, T.J. Maxx, U.S. Cellular and Katahdin Trust. This is truly an opportunity for an investor looking for tax benefits and growth in ...

Listing Details MLS# 1612720

Location Information

Street #
720
Street Name
Broadway
County
Penobscot
Town
Bangor
State/Province
ME
Zip Code
04401
Zip +4
3393
Leased Land
No
Book
8508
Page
242
Map
R-41
Lot
3-C
Zoning
S & PS
Zoning Overlay
Unknown
Full Tax Amount $
32140
Tax Year
2024
Tree Growth Y/N
No
Association Y/N
No

Contract Information

Original List Price
3299000

Property Information

Primary Use
Investment
Surveyed
No
Deed/Conveyance Type Offered
Warranty
Deed
Partial
Deed Restrictions
Unknown
Bank Owned REO
No
Year Built
1984
Year Renovated +/-
2019
Tenancy
Multiple Tenants
Leases
Yes
Total # Floors
Yes
SqFt Finished Total
17800
Lot Size Acres +/-
1.89
Road Frontage +/-
215

Status Change Info

Pending Date
2025-05-11
Closed Date
2025-08-28
Closed Price
3300000

Commercial Bldg Information

Retail SqFt
17100
Total Units
5
Traffic Count +/-
25500

Water Info

Water Frontage
No
Water View
No
Island
No

More Information

Utilities

Utilities On
Yes

Sold Info

Appraiser Email Address
andrec@eradawson.com

Location

Business District
Yes
Near Turnpike/Interstate
Yes
Retail Strip
Yes

Property Uses

Freestanding Building
Yes
Retail
Yes

Construction

Steel Frame
Yes
Wood Frame
Yes

Basement

None
Yes

Foundation Materials

Poured Concrete
Yes
Slab
Yes

Exterior

Metal Clad
Yes

Roof

Metal
Yes
Shingle
Yes

Heat System

Direct Vent Furnace
Yes
Forced Air
Yes

Heat Fuel

Gas Natural
Yes

Cooling

Central Air
Yes

Floors

Concrete
Yes
Vinyl
Yes

Building Features

Sprinkler - Wet
Yes

Parking

21+ Spaces
Yes
On Site
Yes
Paved
Yes

Electric

Circuit Breakers
Yes

Gas

Natural - On Site
Yes

Sewer

Public Sewer
Yes

Water

Public
Yes

Sold Terms Other

Arms Length
Yes

Property Features

Location: Business District; Near Turnpike/Interstate; Retail Strip Construction: Steel Frame; Wood Frame Property Uses: Freestanding Building; Retail Basement: None Foundation Materials: Poured Concrete; Slab Exterior: Metal Clad Roof: Metal; Shingle Heat System: Direct Vent Furnace; Forced Air Heat Fuel: Gas Natural Cooling: Central Air Floors: Concrete; Vinyl Building Features: Sprinkler - Wet Parking: 21+ Spaces; On Site; Paved Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length

Documents

IDX
Listing Office: SVN The Masiello Group
Selling Office: SVN The Masiello Group
Last Updated: August - 31 - 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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