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157 Park St
Bangor, ME 04401
Office Property For Sale
Executive Summary
Rare office investment opportunity in Downtown Bangor, featuring an 18,272± RSF office building situated on 0.65± acres with an on-site parking lot. The property generates a net operating income of $110,793, offering an 8.52% cap rate at the $1,300,000 asking price.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,217 SF
Building Class
C
Year Built
1940
Price
$1,300,000
Price Per SF
$85.43
Cap Rate
8.52%
NOI
$110,793
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
5,072 SF
Building FAR
0.54
Lot Size
0.65 AC
Zoning
USD - Urban Service District
Parking
23 Spaces (1.51 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | BANG-000041-000000-000121 | Improvements Assessment | $758,200 |
| Land Assessment | $141,100 | Total Assessment | $899,300 |
Property Taxes
Parcel Number
BANG-000041-000000-000121
Land Assessment
$141,100
Improvements Assessment
$758,200
Total Assessment
$899,300
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