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427 Main St 25,691 SF Retail Building Bangor, ME 04401 $2,750,000 ($107.04/SF)
Investment Highlights
- High Visibility, Full ADA Access, Abundant On-Site Parking.
Executive Summary
This offering presents a rare opportunity to acquire a landmark commercial property with a long history of successful hospitality and entertainment operations. Originally home to Miller’s Restaurant—one of Maine’s largest independent dining establishments—the property later became the region’s first gaming facility, Hollywood Slots Casino, following a $3.8 million acquisition and an additional $4 million in capital improvements.
The location's proven commercial success is further evidenced by the casino’s subsequent expansion into a new $164 million resort development located just two blocks away. Today, the property operates as the popular Seasons Grille & Lounge and has benefited from approximately $400,000 in recent upgrades to its food and beverage infrastructure.
Featuring a high-capacity layout and substantial capital improvements, the property is well-positioned for continued hospitality use or adaptive reuse. Located within the City’s Urban Service District, the site offers flexibility for a variety of commercial applications, including restaurant, office, medical, retail, or other permitted uses.
The location's proven commercial success is further evidenced by the casino’s subsequent expansion into a new $164 million resort development located just two blocks away. Today, the property operates as the popular Seasons Grille & Lounge and has benefited from approximately $400,000 in recent upgrades to its food and beverage infrastructure.
Featuring a high-capacity layout and substantial capital improvements, the property is well-positioned for continued hospitality use or adaptive reuse. Located within the City’s Urban Service District, the site offers flexibility for a variety of commercial applications, including restaurant, office, medical, retail, or other permitted uses.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
25,691 SF
Building Class
B
Year Built/Renovated
1974/2012
Price
$2,750,000
Price Per SF
$107.04
Tenancy
Single
Building Height
2 Stories
Building FAR
0.35
Lot Size
1.69 AC
Zoning
USD - USD Zoning allowing a variety of potential uses, including general business office, medical office, retail sales. (See Brochure for Detaila)
Parking
140 Spaces (5.45 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Security System
- Wheelchair Accessible
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | BANG-000025-000000-000117 | Improvements Assessment | $1,615,300 |
| Land Assessment | $325,300 | Total Assessment | $1,940,600 |
Property Taxes
Parcel Number
BANG-000025-000000-000117
Land Assessment
$325,300
Improvements Assessment
$1,615,300
Total Assessment
$1,940,600
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427 Main St