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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 faade was repaired and repainted using City of Bangor faade grant funds in 2019. As part of the Development District, the property remains eligible for additional faade 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.

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Amy & David Wilbur, REALTORS® - Portside Real Estate Group participates in ©2026 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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