Orono Development Site
For Sale
Contact for pricing
00 Park St, Orono, ME 04773
4.6-acre development site near the University of Maine.
Property SizeContact for details
Lot Size4.60 Acres
Days on Market93
Property Features for 00 Park St
General Information
Standard status
Active
Class
A
Lot size
4.60 Acres
Property subtype
Multifamily, Land
Zoning
3900- Zoned for Commercial Development
Building Details
Units
30
Listing Agency:
Keller Williams Realty
(207) 756-2063
Listed By:
Edward Baldacci · License #BA930083
Source:
Crexi
Added: May 10
Changed: Aug 8
Last Checked: Jul 15 at 9:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
Investment Insights
Based on property information with market context.
This 4.58-acre development site is located in Orono, Maine, near the University of Maine. Situated on Park Street, a primary corridor connecting downtown Orono to the university campus, the level parcel is positioned in a high-demand rental market. The property is located steps from The Local and approximately 0.5–0.8 miles from the University of Maine. The University enrolls approximately 11,000 students. The site benefits from existing infrastructure access and is suited for a 30-unit, 2–3 bedroom townhouse-style apartment community.
Key Highlights
- Prime ±4.6‑acre development site in Orono's high‑demand rental market.
- Directly adjacent to the University of Maine, offering exceptional proximity.
- Ideal for a 30‑unit townhouse‑style apartment community catering to student housing demand.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
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Business Placement
Demographics for 04773, ME
780
Population
627
Households
1.2
Avg Household Size
54
Median Age
24%
College-Educated
95%
High-School Grad
40.4 sq mi
ZIP Area
19
Density / Sq Mi
$50,489
Median Household Income
$37,024
Median Earnings
$104,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 4.6-acre development site near the University of Maine.
Where is this residential land & home lot located?
The property is located at 00 Park St Orono, ME.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime ±4.6‑acre development site in Orono's high‑demand rental market.; Directly adjacent to the University of Maine, offering exceptional proximity.; Ideal for a 30‑unit townhouse‑style apartment community catering to student housing demand.
