For Sale
$275,000

2121 Medway RdMedway, ME 04460

High-traffic location, 3-acre lot, investment opportunity.

Overview

Added:
Feb 3
Days on market:
60
This exceptional 3-acre mixed-use property at 2121 Medway Road in Medway, ME, presents a unique investment opportunity. Boasting 390 feet of road frontage on a busy main road with high traffic volume, this property enjoys unparalleled visibility. Its strategic location places it on the route to popular destinations such as East Millinocket, Millinocket, Mount Katahdin, and the National Monument, ensuring consistent traffic flow. The property includes a charming owner-occupied ranch-style home featuring two bedrooms, one and a half bathrooms, a sun porch, a heat pump, and a Biasi boiler. Additionally, there are two existing single-family rental units on the property, providing immediate income potential. A former restaurant and post office, now converted into a workshop/storage area and a rental unit respectively, offer versatile space. The restaurant's original concrete slab remains. Much of the 3-acre lot is uncleared, allowing for significant expansion possibilities. The combination of high traffic, prime location, and existing structures makes this property ideal for a new business venture or expansion of an existing one. The property offers excellent privacy due to wooded areas at the rear. ATV and snowmobile access are also available. The 956 square foot home provides comfortable living quarters, while the additional rental units generate passive income. This property offers a rare blend of residential comfort and significant commercial potential.

Property Details for 2121 Medway Rd

Property type
Mixed-use properties
Square Feet
956 SF
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Medway
County
Penobscot
State
Maine
Latitude
45.61321
Longitude
-68.54412
2121 Medway Rd, Medway, Maine

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2121 Medway Rd
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