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Updated: August 14, 2020

Bangor’s Exchange Street block once again for sale

PHOTO / LAURIE SCHREIBER A block of historic buildings on Exchange Street between State and York streets is back on the market. The buildings are seen here in 2016.
By Laurie Schreiber

A block of historic buildings on Exchange Street in Bangor is once again for sale, four years after a developer purchased them for renovation and lease.

The buildings are listed with NAI The Dunham Group for purchase separately or together, and the listings were scheduled to go online today. The block of office and retail buildings, totaling 50,300 square feet, is listed for $2.7 million.

The buildings were last listed in 2016 at $1.95 million. ANM Properties, a Bangor-based property management firm that specializes in luxury apartment rentals, design-build and commercial development, bought the buildings for an undisclosed sum that year.

ANM is headed by Adam Moskovitz, who told Mainebiz at the time that he was interested in historical and architecturally significant buildings, restoring them to preserve architectural elements while upgrading them to modern standards.

Last year, Moskovitz told Mainebiz he’d invested close to $1 million in renovations. In addition, the city has installed wide sidewalks, new street paving, light fixtures and planters.

The portfolio, between State and York streets, consists of:

• 187-197 Exchange St., built in 1892 and referred to as the Nichols Block building, is 21,230 square feet and listed at $1.6 million. The building is notable for its grand ballroom on the third floor that was the original home of the Bangor Symphony Orchestra.

•  205 Exchange St., built in 1930 and renovated in 2004, is a 4,930-square-foot building listed for $250,000.

•  209-213 Exchange St., built in 1848, is 7,860 square feet and listed for $455,000.

• 33 and 45 State St., is a Classical Revival bank built in 1912 and  featuring mahogany trim, marble, intricate tile flooring and soaring ceilings. It’s 16,280 square feet and listed for $650,000.

Moskovitz has been tackling exterior renovations as well as performing code and safety improvements on the buildings since he bought the portfolio. He’s also been performing interior build-to-suit renovations based on tenant requirements.

COURTESY / ANM PROPERTIES
Renovations last years included double doors and molded mahogany panels, accented by bronze-paint trim, were installed at 193 Exchange St. as part of the new entry to the lobby of the historic Nichols Block.

Moskovitz brought tenants into the Nichols Block building that include the Bangor Symphony Orchestra and an arts incubator called Launchpad. Together, they founded a new organization called Bangor Arts Exchange.

Today, the upper-stories include the Bangor Symphony Orchestra, Bangor Youth Symphony Orchestra, Launchpad and Bangor Ballet, which have offices there along with space for performances, rehearsals, classes and other gatherings throughout the year.

At the street level among various buildings, there’s now Black Bear Brewing Co., a shop called City Drawers, and the financial services company Thompson-Hamel. Some of the upper-story space is occupied by offices and a video production company.

 

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