158 Main St - Apartments FOR SALE


Bangor, ME 04401- Downtown Bangor
$2,700,000 USD
602-332-0720
158 Main St, Bangor, ME for Sale
$2,700,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

NEW


158 Main St
Bangor, ME 04401
Downtown Bangor


OVERVIEW

A once in a generation opportunity to own one of Bangor's most iconic landmarks. After more than 60 years of ownership by the renowned Brountas family, the historic McGuire Building is ready for its next chapter. Offering an impressive aprox. 22,000 square feet across four floors, this mixed use commercial property sits in the heart of downtown Bangor with outstanding visibility and exposure to more than 30,000 vehicles daily. Rich in history and opportunity, the building is home to the iconic Tavern, a well established dance and ballet studio, and six one bedroom apartments with two shared bathrooms that were previously operated as a rooming house. Adding to its unmistakable presence are two of Bangor's most recognizable landmarks, the famous downtown mural, the iconic HOPEFUL sign and a view of the Penobscot River, making this a destination recognized by generations of locals and visitors alike. Located within Bangor's Downtown Development District, this property offers incredible redevelopment potential. Whether your vision includes a boutique hotel, restaurant, entertainment venue, mixed use commercial and residential development, professional offices, retail, financial institution, health care facility, or another investment opportunity, the location and flexibility are second to none. The McGuire Building has been a cornerstone of downtown Bangor for generations. Now, this historic property is ready for its next owner to preserve its legacy while creating something extraordinary. Opportunities to own a landmark of this caliber are exceptionally rare. Location, history, visibility, and endless potential all come together at 158 Main Street.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

-

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The McGuire Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Restaurant, Loft/Creative Space, Service

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

DDD

APN/PARCEL ID

BANG-000042-000000-000172

ASK ABOUT THIS PROPERTY

Ella RuizCENTURY 21 Queen City Real EstateMore Info
602-332-0720

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Ella RuizCENTURY 21 Queen City Real EstateMore Info
602-332-0720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.