Iconic Downtown Office tower

Office for Sale
Sale Pending
Catylist Listing ID: 30372959
Property Subtypes: Office Building, General
Status: Pending
Building Size (RSF): 54,987 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $2,750,000
Unit Price: $50.01 PSF
Property Use Type: Investment, Business
Building Name: 1 Merchants Plz
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/18/2019

Overview / Comments

Iconic downtown office tower that is perfectly positioned for redevelopment into multi family housing or possibly the right fit for a owner/ user who is looking to occupy a significant amount of square footage for their offices in downtown. The property includes over 40 on site parking spaces and holds endless opportunities for a developer.

Additional Details

Nearest MSA: Bangor
County: Penobscot
Tax ID/APN: 042-198
Site Description: Parking: adjacent to municipal parking garage HVAC: state of the art Has Sprinklers
Number of Stories: 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,129 39,742 52,502
Median Age: 36.24 38.26 38.85
Households: 6,885 17,610 22,948


Photograph of Listing Agent

Charles W. Day

Porta & Co.
The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.