44 Center Street, Bangor, ME, 04401 | $254,900

Investor Opportunity: Multi-Use Commercial Property with High ROI Potential

Unlock the potential of this versatile property, perfectly tailored for an investor seeking a prime location with flexible use options. This three-story building offers endless possibilities, including:

Residential units
Daycare center
Home office or professional suites
Community living
Accounting firm
Yoga services
Massage therapy
Nursing home
Boarding house
Hosted or non-hosted short-term rentals
Retail or office space, such as a bookstore
Property Highlights:

Floor Plan: Three levels, including a first-floor full bath, second-floor half bath, and an 18'x26' attic space with pine flooring, ready for finishing. Hardwood and vinyl flooring on the first and second levels, with carpet upstairs.
Parking: Newly paved parking lot (2022) for at least nine vehicles, offering convenience for tenants or business clients.
Prime Location: Situated on the city bus route, this property is close to shopping, downtown, restaurants, and pubs. It's just 10 minutes from the airport and five minutes from hospitals, ensuring tenant and customer accessibility.
Recent Upgrades:

New roof shingles (2015)
Boiler replacement (2015)
Foundation repairs (2020)
Asbestos removal from the basement (2020)
Baseboard heat added to the first-floor bath (2023)
All major systems have been updated, allowing you to focus on creating cash flow. Whether you envision multiple rental units, a profitable short-term rental property, or a combination of uses, this building is a blank canvas for your investment strategy.

Why Wait?
The groundwork is laid, and the opportunities are endless. Schedule a tour today to see how this property can become a cornerstone of your portfolio.

Features