For Sale
$1,660,000

117 Vaughn RdDover-Foxcroft, ME 04426

Maine Mill: 63,000 SF, Huge Potential

Overview

Added:
Dec 11, 2024
Days on market:
113
This unique 63,000 square foot, five-story mill building in Dover-Foxcroft, Maine, presents a remarkable redevelopment opportunity. Built in 1846 and renovated in 1912, the property boasts a 12-foot ceiling height, one loading dock, and is situated on a scenic waterfront lot on the Piscataquis River, next to a 36-acre public park. The property is zoned "Village," allowing for diverse uses, and is eligible for significant federal and state historic tax credits, plus local property tax subsidies (TIF) potentially covering 75-90% of annual taxes. A reduced electric rate may also be available due to a nearby hydroelectric generator. The main structure is well-maintained, featuring a 15-year-old rubber roof in excellent condition, sandblasted interior spaces on all five floors, intact windows and doors, and a functioning dry sprinkler system. A reuse study by Archetype Architects and a Phase One environmental assessment are complete, with Phase Two underway. While shoreline zoning may restrict the first floor to non-residential use, initial discussions with state regulators indicate no other significant zoning issues. The property includes a dilapidated structure (not part of the main building) that will likely need removal, creating potential parking. The asking price is $1,660,000 ($26.35/sq ft). APN: Lot 034, Lot 088. This is an exceptional investment opportunity with substantial potential for affordable housing and community development.

Highlights

  • 63,000 SF, five-story mill building redevelopment opportunity in Dover-Foxcroft, ME.
  • Located on a scenic waterfront lot on the Piscataquis River, adjacent to a 36-acre public park.
  • Village zoning allows for diverse uses, including multi-family residential.
  • Eligible for significant historic tax credits and potential property tax subsidies (TIF) covering 75-90% of annual taxes.
  • Well-maintained building features a 15-year-old rubber roof, sandblasted interior, intact windows and doors, and a functioning dry sprinkler system. Phase I environmental assessment complete, Phase II underway.
  • Asking price: $1,660,000 ($26.35/SF). APN: Lot 034, Lot 088.

Property Details for 117 Vaughn Rd

Property type
Specialty properties
Square Feet
63,000 SF
Year Built/Renovated
1846/1912
Buildings
1
Stories
5

Location Insight

City
Dover-Foxcroft
County
Piscataquis
State
Maine
Latitude
45.183344885834
Longitude
-69.218198578116
117 Vaughn Rd, Dover-Foxcroft, Maine

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117 Vaughn Rd
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