New

$1,239,000

For Sale

4 hours ago

123-127 Franklin Street, Bangor, ME

Name: 123-127 Franklin Street, For Sale in Bangor - eXp Realty
Brand: ERA Dawson-Bradford Co.
SKU: 1653941
Price: 1239000 USD

MLS® 1653941

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $11,923

Days Active 0

Approx. Age 1912

MLS® Number 1653941

Property Address: 123-127 Franklin Street, Bangor, ME, 04401

Average square foot calculated using Size range provided by listing agent.

Description

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 two restaurant spaces, generating an annual NOI 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 two restaurant spaces. 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, 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.

MLS® Number1653941

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1912

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 11, 2026List Date

$1,239,000List Price

Commute

Commute

Starting Address

Destination Address

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