123-127 Franklin ST Bangor, ME 04401
13,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 13,200 sqft
Price per Sqft $90
MLS Listing ID 1653941
HOA Y/N No
Year Built 1912
Tax Year 2026
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Investment
Source Maine Listings
Land Area 13200
Property Description
The second and third floors offer four versatile apartments with views of downtown Bangor and the nearby public library. Each unit features hardwood floors, large windows providing abundant natural light, and washer and dryer hookups. Renovated between 2015 and 2019, the apartments combine modern updates with classic downtown character. Apartment #1 - 3 Bed / 1 Bath | 800 SF. Apartment #2 - 2 Bed / 1 Bath | 900 SF. Apartment #3 - 3 Bed / 1 Bath / 1 Den | 1,000 SF. Apartment #4 - 3 Bed / 2 Bath / 1 Den | 1,000 SF. The commercial component includes a tavern/restaurant. The lower level is home to the established Benjamin's Pub, a well-known Bangor dining and nightlife destination. The first-floor restaurant and bar space with dining area is currently undergoing cosmetic renovations also currently leased by Benjamins, offering potential for refreshed operations in a highly visible downtown location. Commercial spaces were renovated between 2020 and 2021 and feature updated kitchen suppression systems.
Additional improvements include a natural gas furnace installed in 2012. The building façade was repaired and repainted using City of Bangor façade grant funds in 2019. As part of the Development District, the property remains eligible for additional façade grants with up to 50% cost share.
With stable mixed-use tenancy, strong residential demand, and a prime downtown location, 123 & 127 Franklin Street presents a compelling investment opportunity in one of Bangor's most active districts.
Location
State ME
County Penobscot
Zoning 24 Downtown Dev Dist
Direction GPS Friendly
Rooms
Basement Full, Other
Interior
Heating Gas Natural, Baseboard, Forced Air
Cooling Central Air
Flooring Carpet, Tile, Hardwood
Exterior
Parking Features On Street
Roof Type Membrane
Building
Lot Description Bus Line, Downtown, Near Shopping, Public Transport Access
Foundation Poured Concrete
Water Public
Others
Tax ID 123-127FranklinStBangor04401
Nearby Locations
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Broker Associate | License ID: BA926616
+1(207) 356-9606 | ginalindsayrealtor@gmail.com