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    158 Penobscot Ave Millinocket, ME 04462

    For Sale
    $249,900

    COMMERCIAL - Millinocket, ME

    Property size:
    1,533 SF
    Lot size:
    0.05 Acres
    Days on Market:
    8
    Last Refresh:
    Dec 5 at 11:06 am

    Property Features for 158 Penobscot Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R4
    Parking features
    Off Street
    Size
    1,533 SF
    Lot size
    0.05 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1925
    Number of units
    1
    Flooring type
    Tile
    Building materials
    Block, Masonry
    Roof type
    Flat

    ERA Dawson Bradford Co., Realtors (207) 947-6788 [email protected]

    Listing agent Bruce Bragdon (207) 947-6788

    Listing date Nov 28, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building in Millinocket

    Located on Penobscot Avenue in the downtown Millinocket business district, this renovated office building offers over 1,500 square feet of functional space. The layout includes a reception area, three private offices, and a kitchen area. Six heat pumps provide climate control. The property benefits from vehicle and pedestrian activity, with access to public parking owned by the Town of Millinocket. It is currently occupied under a month-to-month triple-net lease, with the tenant intending to vacate in mid-2026, creating an opportunity for either a new tenant or an owner-occupied business. Situated in the Katahdin Region near Baxter State Park and Mount Katahdin, this space offers visibility and accessibility in a commercial corridor. The property sits on a 0.05-acre lot and is zoned R4.
    Property Profile Location Intelligence

    Current Use by Public Records

    FLO Charging Station Electric Vehicle Charging Station Living Innovations Home Health Care Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millinocket
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7091674
    Latitude
    45.6559732

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    FAQs

    What type of property is this?
    Office building - Fully renovated office building in downtown Millinocket business district.
    Where is this office building located?
    The property is located at 158 Penobscot Ave Millinocket, ME.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Prime commercial location on Penobscot Avenue in downtown Millinocket.; - **Fully renovated office building with over 1,500 sq. ft. of functional space.**; - Six heat pumps provide efficient climate control throughout the building.
    (207) 947-6788
    Request Owner's contact information
    158 Penobscot Ave Millinocket, ME 04462
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    158 Penobscot Ave Millinocket, ME 04462
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