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    261 South Union Rd Union, ME 04862

    For Sale
    $235,000

    LAND - Union, ME

    Lot size:
    3.60 Acres
    Days on Market:
    64
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 261 South Union Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Rural
    Lot size
    3.60 Acres

    Utilities

    Water source
    Well

    Cates Real Estate (207) 701-5600 [email protected]

    Listing agent Martin Cates (207) 701-5600

    Listing date Oct 3, 2025

    MLS# 1638470 Listing URL

    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

    Land with Garage and Potential

    This property features a 1440 square foot building, currently configured as a two-bay garage, situated on a 3.6+/- acre lot. The building includes a full walk-out foundation, suitable for expansion or storage. Electrical service is installed, and a well has been drilled, with the property being considered for conversion into a one or two-level home. The spacious backyard provides ample space for a septic system and offers pleasant views. The location provides convenient access to Route 17 and Route 131. The property can serve as a work and staging area for contractors. The zoning is classified as Rural.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Knox
    State
    Maine
    Longitude
    -69.262013
    Latitude
    44.206023

    Nearby Similar for Sale

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    • $340,000
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      Historic Grist Mill with Water Rights

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      168 Payson Rd, Union, ME 04862
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    FAQs

    What type of property is this?
    Land - 3.6 acre lot with garage, well, and expansion potential.
    Where is this land located?
    The property is located at 261 South Union Rd Union, ME.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - 1440 sq ft building with full walk-out foundation suitable for conversion to a home or expansion.; - 3.6+\/- acres of land with ample space for a septic system and pleasant views.; - Electrical service installed and well already drilled.
    (207) 701-5600
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    261 South Union Rd Union, ME 04862
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    Union, ME 04862
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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
    261 South Union Rd Union, ME 04862
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