800 Central StMillinocket, ME 04462

Property Details for 800 Central St

Property size (Sq ft)

82,505 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This 82,505 square foot shopping center in Millinocket, Maine, presents a compelling redevelopment opportunity. Located at 800 Central St, 04462, this multi-tenant property is currently 20% occupied and features two single-story buildings. The asking price is $850,000, translating to $10.30 per square foot. The property is situated in a strong retail trade area, near national chains including McDonald's, Dunkin' Donuts, Family Dollar, Dollar General, and Subway, with Hannaford grocery store across the street. A significant anchor tenant, Tractor Supply, is already in place. The property includes a former grocery store and former movie theater, currently used for boat and RV storage, suggesting potential for self-storage conversion. Additional redevelopment possibilities include housing, given the property's location near Baxter State Park and the ongoing redevelopment of the East Millinocket Paper mill into a trucking logistics and green energy hub. The property is zoned commercial and operates under a NNN lease structure with a remaining term of 3 years. This presents a unique chance to capitalize on the revitalization of the area and create significant value. The property's proximity to Mt. Katahdin and its strategic location within a thriving retail corridor make it an attractive investment.

Location Insight

City

Millinocket

County

Penobscot

State

Maine

Latitude

45.6567

Longitude

-68.6897

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