The Lofts are a well-maintained, 12-unit mixed-use property, occupying one wing of the historic Freese’s Building in downtown Bangor. The building is comprised of 10 market-rate residential apartments and 2 ground-floor commercial suites, condominiumized alongside Freese’s Assisted Living and the Maine Discovery (Children’s) Museum. Ownership recently completed a significant capital program — new HVAC, domestic hot water systems, and unit-level electrical metering — positioning the asset for a utility-recovery (RUBS) program and reduced near-term capex risk.
The Lofts at Freese’s Building, Bangor
Bangor Area
| For Sale | $2,195,000 |
|---|---|
| Property Type(s) | Commercial, Multi-Family |
| Square Footage | N/A |
| Acreage | N/A |
