700 Main StBangor, ME 04401

Property Details for 700 Main St

Year built

1929

Lot size

0.88 AC

Property size (Sq ft)

18,700 SF

Zone code

UID

Property type

Office properties

Property subtype

Office buildings

APN

BANG M:027 L:006

APU

BANGM027L006

Description

This prime Bangor, Maine office space at 700 Main St, Suite 3, offers a diverse range of flexible workspace solutions. Located in Penobscot County, this property caters to various business needs, from traditional office setups to executive suites, coworking spaces, medical offices, and creative studios. The space is available for multiple tenants and offers customizable options, ranging from single-person offices to large-scale corporate spaces. Businesses can tailor their office space to accommodate one to one hundred desks or more. Services include fully furnished and equipped private offices, serviced and custom office spaces, disaster recovery spaces, and day offices. Coworking options provide shared office or open-plan areas with hot-desking availability. A comprehensive suite of meeting rooms is available for various needs, from informal chats to large conferences. Virtual office options include prestigious business addresses, mail handling, and professional virtual assistant services, with varying levels of office access. Flexible working plans provide access to a global network of workspaces, allowing for seamless transitions between locations. The property's location in Bangor offers convenient access to local amenities and transportation. This versatile property is ideal for businesses seeking adaptable and scalable workspace solutions.

• CAP approach

  CAP return

  Valuation

  6%

  $3,091,668

  6.5%

  $2,853,848

  7%

  $2,650,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,443,342

  Geo Method

  $2,443,342

• Alternative Use

  Use

  Valuation

  Residential

  $3,538,772

  Hospitality

  $3,241,496

  Educational

  $2,696,886

  Medical

  $2,789,636

  Retail

  $4,195,156

Location Insight

City

Bangor

County

Penobscot

State

Maine

Latitude

44.7825

Longitude

-68.781

CBSA code

12620

CBSA name

BANGOR, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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