4,560 SqFt
4,560 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,560 sqft
Price per Sqft $131
MLS Listing ID 1669656
HOA Y/N No
Year Built 1910
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 4560
Property Description
Multi-Use Investment Opportunity | Mill Street, Orono
Well-positioned multi-use property offering strong investment potential in a highly accessible Orono location. This vacant three-story building provides flexibility for an owner-investor or operator to establish lease structures, rental rates, and tenant mix based on current market conditions and permitted uses.
The property supports a variety of potential configurations, including residential, office, and commercial applications (subject to local approvals). Its vacant condition allows for immediate updates, leasing, or occupancy without existing tenancy constraints, offering a streamlined path for repositioning or redevelopment.
Recent improvements include updated heating systems and a reinforced foundation, supporting long-term stability and operational efficiency. Residential units are equipped with in-unit washer and dryer connections, and one unit is offered furnished, providing added flexibility for short- or long-term rental strategies.
Located on Mill Street with strong visibility, the property includes a garage on site and ample on-site parking to accommodate tenants, customers, or mixed-use configurations. Public transportation access further enhances convenience and connectivity.
The location offers close proximity to downtown Orono amenities, including dining, retail, services, and recreation. The nearby University of Maine supports steady demand drivers for both residential and commercial space, while regional transportation access enhances overall accessibility.
This property presents a versatile opportunity for investors, owner-users, or developers seeking a flexible asset with repositioning potential in a strong market environment.
Schedule a private showing to explore the possibilities this property offers.
Location
State ME
County Penobscot
Zoning HDR
Direction Main Street Orono to right on Mill Street. Past restaurants after Beech Street on the right.
Rooms
Other Rooms Outbuilding
Basement Full, Unfinished
Interior
Heating Gas Bottled, Baseboard, Hot Water, Zoned
Cooling None
Flooring Carpet, Vinyl
Exterior
Parking Features 5 - 10 Spaces, On Site, Paved, Garage
Waterfront Description Nearby
Roof Type Membrane
Garage Yes
Building
Lot Description Near Shopping, Suburban
Story 3
Foundation Stone, Poured Concrete
Water Public
Others
Tax ID ORON-027012-000000-000043
Virtual Tour https://drive.google.com/file/d/1XTPRUQE1HlQbfY_2-V5jCXDXZpuy32i_/view?usp=sharing
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