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    2881 Ohio St Glenburn, ME 04401

    For Sale
    $1,500,000

    Commercial Sale, Other - Glenburn, ME

    Lot size:
    30.00 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 2881 Ohio St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    30.00 Acres

    Building Details

    Architectural style
    Other

    NextHome, Inc

    Listing agent Kevin Booker (207) 573-7400 License #BA926572,PersonLicenseNumber

    Listing date Sep 8, 2025

    MLS# 1624805 Listing URL

    Copyright © 2025 NextHome, 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

    Glenburn Multifamily Investment Opportunity

    This property in Glenburn, Maine, features six separate buildings situated on 30 acres. The property is suitable for a family estate, group living, a retreat center, or income-producing rentals. The existing units are currently utilized as long-term and short-term rentals. The property includes a 5000-square-foot yellow house, a 1500-square-foot gambrel apartment, a 2254-square-foot white saltbox, a 1722-square-foot duplex, and two mobile homes each measuring 952 square feet. There is space in the back to subdivide or expand. The property is located approximately 3 miles from Bangor and is close to the ITS snowmobile trail system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Auto Repair Shop Convenience Store Electrical Service Storage Facility Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenburn
    County
    Penobscot
    State
    Maine
    Longitude
    -68.88231659
    Latitude
    44.87918091

    FAQs

    What type of property is this?
    Multifamily property - Six buildings on 30 acres, ideal for rental income.
    Where is this multifamily property located?
    The property is located at 2881 Ohio St Glenburn, ME.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Expansive acreage with 6 separate buildings ideal for a family estate, group living, retreat center, or rentals.; - Potential for rental income with existing long-term and short-term rentals.; - Subdivision or expansion possibilities thanks to the ample space.
    (207) 573-7400
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    2881 Ohio St Glenburn, ME 04401
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    Glenburn, ME 04401
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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
    2881 Ohio St Glenburn, ME 04401
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