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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
$1,829,100 CAD
Price Per SF
$120.20 CAD
Cap Rate
8.52%
NOI
$155,886 CAD
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 | $1,074,521 CAD |
| Land Assessment | $199,967 CAD | Total Assessment | $1,274,488 CAD |
Property Taxes
Parcel Number
BANG-000041-000000-000121
Land Assessment
$199,967 CAD
Improvements Assessment
$1,074,521 CAD
Total Assessment
$1,274,488 CAD
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