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43-49 Main 13,828 SF 46% Leased Office Building Bangor, ME 04401 $1,299,900 ($94.00/SF) 10.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed use - 3 rentals-6 offices- 2 retail
- Back parking
- Prime Downtown Retail location
EXECUTIVE SUMMARY
Own a piece of historic Downtown Bangor with the Rines Building, a versatile commercial mixed-use property spanning 43-49 Main Street. This expansive 13,380+ sq. ft. building offers a diverse income stream, featuring retail, office, and residential spaces—perfect for investors or owner-occupants. The first floor features two retail storefronts. One is a 1,540 sq. ft. space currently leased to a toy store, complete with a kitchenette, half bath, rear offices, and access to a finished basement. The second, a 5,000 sq. ft. vacant store front , presents an excellent owner-occupied business or investment opportunity. Previously home to a gift shop for over 40 years, it boasts an elegant mezzanine overlooking the showroom, a break room, kitchen, half bath, and ample storage. The first floor also includes additional rear storage, offices, and full basement access.On the second floor, accessible via a separate entrance, six office suites. A shared bathroom is located off the main hallway, and a rear door provides a second egress to Columbia Street. The third floor houses three rental units, including two spacious one-bedroom apartments with living rooms, kitchens, dining areas, and bathrooms, all featuring vaulted tin ceilings. The third unit is a cozy efficiency with an open living/dining/kitchen space, plus a separate bedroom and bath. Additional amenities include natural gas heating, on-site coin-operated laundry, and four dedicated parking spaces on Columbia Street. With its prime downtown location, strong rental potential, and mix of commercial and residential spaces, this property is an exceptional investment opportunity.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,828 SF
Building Class
B
Year Built
1871
Price
$1,299,900
Price Per SF
$94.00
Cap Rate
10.91%
NOI
$141,763
Percent Leased
46%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,609 SF
Building FAR
1.38
Lot Size
0.23 AC
Zoning
DDD - The Downtown Development District is established to accommodate those retail, service and office uses which are of City-wide or regional significance
Parking
4 Spaces (0.29 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Amy Good
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Main Forensic Psychology LLC
- Professional, Scientific, and Technical Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Amy Good | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Main Forensic Psychology LLC | Professional, Scientific, and Technical Services | - | $9.99 | Lorem Ipsum | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
1st floor storefront available in the heart of Downtown Bangor. Take advance of this high visibility location with excellent foot traffic.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 49 | 2,500 SF | Retail | Shell Space | Now |
1st Fl-Ste 49
| Size |
| 2,500 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1st Fl-Ste 49
| Size | 2,500 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
1st floor storefront available in the heart of Downtown Bangor. Take advance of this high visibility location with excellent foot traffic.
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | BANG-000042-000000-000108 | Total Assessment | $784,400 |
| Land Assessment | $60,800 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $723,600 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
BANG-000042-000000-000108
Land Assessment
$60,800
Improvements Assessment
$723,600
Total Assessment
$784,400
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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43-49 Main
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