Bangor
$1,239,000
123-127 Franklin Street
mls: 1653941
Bathrooms: 0
Year Built: 1912
Sq Footage: 13,200
Lot Size: 0.12
Taxes: $11,923
Status: Active

Exceptional mixed-use investment opportunity in the heart of Downtown Bangor's Development District at 123 & 127 Franklin Street. This well-maintained property features four fully renovated residential apartments and a tavern/restaurant, generating a gross income of near $140,000.

Listed by: ERA Dawson-Bradford Co.

Exceptional mixed-use investment opportunity in the heart of Downtown Bangor's Development District at 123 & 127 Franklin Street. This well-maintained property features four fully renovated residential apartments and a tavern/restaurant, generating a gross income of near $140,000. 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.

Listed by: ERA Dawson-Bradford Co.

Accessibility Features
Appliances
Architectural Style
Basement
Bathrooms Total Integer
0
Body Type
Building Area Total
13200.00
Construction Materials
Cooling
Central Air
Cooling Yes/No
1
Electric
Circuit Breakers
Exterior Features
Flooring
Carpet, Tile, Hardwood
Foundation Details
Green Energy Efficient
Heating
Baseboard, Forced Air
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Lot Size Acres
0.1200
Other Equipment
Other Structures
Parking Features
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Membrane
Sewer
Public Sewer
Tax Annual Amount
11923.27
Utilities
Water Source
Public
Year Built
1912
Zoning
24 Downtown Dev Dist