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$3,300,000
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Property Description
100% leased multi-tenanted building located on busy Broadway. Tenants include Advance Auto, Subway, Pine State Nutrition, Game Citadel and Marijuanaville. Main building is a 16,000/sf steel frame with an 1,800/sf addition which is a wood frame structure on a concrete slab with pre-engineered roof structure finished with an asphalt shingle roof. Some of the rents being charged are below market rates. NOI can easily be increased over the next five years with lease renewals increasing NOI. Owner has completely renovated and updated building and property. Building is fully sprinklered. Each unit has its own HVAC units. All units have been updated within the past two years or so. Building and property have both been well maintained. Cross easement to and from Walgreens Pharmacy. Neighboring tenants include Walgreens Pharmacy, Hannaford Supermarket, T.J. Maxx, U.S. Cellular and Katahdin Trust. This is truly an opportunity for an investor looking for tax benefits and growth in income. Location is phenomenal with high traffic visibility.
Full Property Details
Full Property Details for 720 Broadway
General
- Sold For: $3,300,000
- Taxes: $32,140 (2024)
- Status: Closed
- Type: Commercial Investment
- Source: MREIS
- MLS ID: 1612720
- Added to Site: 417 day(s) ago
Business
- Business Type: Freestanding Building, Retail
Interior
- Flooring: Vinyl, Concrete
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: Penobscot
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Direct Vent Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Metal Clad, Steel Frame, Wood Frame
- Roof: Metal, Shingle
- Stories/Levels: 1
- Building Size: 17800
- Square Feet: 17,800
- Living Area: 17,800 Sq. Ft.
- Year Built: 1984
- Other Struct. Feat.: Sprinkler - Wet
Lot Features
- Lot Size (Acres): 1.89
- Lot Size (Sq. Ft.): 82,328.4
- Zoning: S & PS
- Lot Description: Near Turnpike/Interstate, Business District, Retail Strip
Financial Considerations
- Tax Amount: $32,140
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 3-C
Listed and Sold by SVN The Masiello Group (207) 596-6095
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Schools
Schools serving 720 Broadway
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 | 1.6 mi |
Bangor High School 885 Broadway, Bangor, ME 04401 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 Broadway
Date
Details
Price
Change
Source
8/28/2025
Sold
$3,300,000
0.03%
MLS
1/17/2025
Listed
$3,299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
720 Broadway, Bangor, ME 04401 (MLS# 1612720) is a Commercial Investment property that was sold at $3,300,000 on August 28, 2025. Want to learn more about 720 Broadway? Do you have questions about finding other Commercial Investment real estate for sale in Bangor? You can browse all Bangor real estate or contact a Coldwell Banker agent to request more information.

