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$1,500,000
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Property Description
A prime investment opportunity located less than half a mile from I-95 (Exit 185) in one of Bangor's most active retail corridors. The property sits just off Broadway, surrounded by major national tenants including Hannaford, Planet Fitness, HomeGoods, TJ Maxx, and Starbucks. The 11,000± SF single-story steel-frame structure, formerly a retail/industrial facility, has completed a full interior renovation to accommodate Fedcap's office operations. The improvements include upgraded building systems, ADA compliance, and high-efficiency natural gas HVAC. With excellent visibility, ample on-site parking, and immediate proximity to Bangor's primary commercial arterials, 38 School Street offers investors a stabilized, long-term leased asset in a thriving submarket characterized by limited office supply and strong tenant demand.
Full Property Details
Full Property Details for 38 School St
General
- Sold For: $1,500,000
- Status: Closed
- Type: Office
- Source: MREIS
- MLS ID: 1662824
- Added to Site: 144 day(s) ago
Business
- Business Type: Net Leased, Commercial
Parking
- Parking Features: 21 or More Spaces, On-Site Parking
Location
- County: Penobscot
Structural Information
- Square Feet: 11,000
Lot Features
- Lot Size (Acres): 0.84
- Lot Size (Sq. Ft.): 36,590.4
- Zoning: S&PS
- Lot Description: Near Shopping, Near Turnpike/Interstate, Retail Strip
Disclosures and Reports
- Lot Number: 25
Listed by Core (207) 210-5677
Sold by F.O. Bailey Real Estate (207) 781-1111
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Schools
Schools serving 38 School St
School District:Bangor
| Name | Grades | Distance |
|---|---|---|
Mary Snow School 435 Broadway, Bangor, ME 04401 | 4-5 | 0.7 mi |
Fruit Street School 175 Fruit Street, Bangor, ME 04401 | PK-3 | 1.4 mi |
William S. Cohen School 304 Garland Street, Bangor, ME 04401 | 6-8 | 1.5 mi |
Bangor High School 885 Broadway, Bangor, ME 04401 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38 School St
Date
Details
Price
Change
Source
9/17/2026
Sold
$1,500,000
-10.45%
MLS
5/19/2026
Listed
$1,675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
38 School Street, Bangor, ME 04401 (MLS# 1662824) is a Office property that was sold at $1,500,000 on September 17, 2026. Want to learn more about 38 School Street? Do you have questions about finding other Office real estate for sale in Bangor? You can browse all Bangor real estate or contact a Coldwell Banker agent to request more information.

