Own a piece of historic Downtown Bangor with the Rines Building, a versatile, income-producing 11-unit commercial mixed-use property located at 43-49 Main Street. Offered 64% leased at a 10.91% Cap Rate, this rare opportunity provides a robust NOI of over $141,000, delivering stable cash flow and substantial growth potential. This expansive 13,380-square-foot 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-square-foot space currently leased to a toy store, complete with a kitchenette, a half bath, rear offices, and access to a finished basement. The second, a 5,000-square-foot vacant store front, presents an excellent owner-occupied business or value-add leasing 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, there are six modern 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. Desirable property amenities include natural gas heating, on-site coin-operated laundry, and four dedicated parking spaces on Columbia Street. The Rines Building enjoys a prominent Downtown location, with frontage to Main Street that can be seen by more than 11,000 passing vehicles each day, providing strong exposure for the retail units. This idyllic location enhances tenant appeal, situated within a walkable urban hub lined with boutique shops, popular restaurants, art galleries, museums, and corporate offices. The property is easily accessible for employees and customers from across the greater region, with convenient proximity to Highways 2 and 156, and nearby connections for Interstate 95 and 395. Bangor offers attractive demographics within 5 miles of the Rines Building that reinforces the strength of the investment. More than 50,000 residents live in the area, with a daytime workforce of over 52,000 and an average household income that exceeds $76,000. More than 48% of these locals rent their homes, offering stable demand for the property’s multifamily units. Residents of the region also produced collective consumer spending of over $627 million during 2024, providing strong support for retail businesses at the property. With its prime downtown location, strong rental potential, and mix of commercial and residential spaces, The Rines Building presents an exceptional investment opportunity at the heart of Downtown Bangor. Contact the Realty of Maine team today to schedule a tour and learn more about this incredible offer.