Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2121 Medway Rd Medway, ME 04460

    For Sale
    $275,000

    High-traffic location, 3-acre lot, investment opportunity.

    Property size:
    956 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 3-acre mixed-use property at 2121 Medway Road in Medway, ME, presents a unique investment opportunity. Boasting 390 feet of road frontage on a busy main road with high traffic volume, this property enjoys unparalleled visibility. Its strategic location places it on the route to popular destinations such as East Millinocket, Millinocket, Mount Katahdin, and the National Monument, ensuring consistent traffic flow. The property includes a charming owner-occupied ranch-style home featuring two bedrooms, one and a half bathrooms, a sun porch, a heat pump, and a Biasi boiler. Additionally, there are two existing single-family rental units on the property, providing immediate income potential. A former restaurant and post office, now converted into a workshop/storage area and a rental unit respectively, offer versatile space. The restaurant's original concrete slab remains. Much of the 3-acre lot is uncleared, allowing for significant expansion possibilities. The combination of high traffic, prime location, and existing structures makes this property ideal for a new business venture or expansion of an existing one. The property offers excellent privacy due to wooded areas at the rear. ATV and snowmobile access are also available. The 956 square foot home provides comfortable living quarters, while the additional rental units generate passive income. This property offers a rare blend of residential comfort and significant commercial potential.

    Property Features for 2121 Medway Rd

    General Information

    Property type
    Mixed-use properties
    Square Feet
    956 SF
    Lot Size
    130,680 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Medway
    County
    Penobscot
    State
    Maine
    Longitude
    -68.54412
    Latitude
    45.61321

    Nearby Comparable

    • $499,900
      5,800 SF

      Medway Mixed-Use Commercial Property

      Prime Medway location, high income potential.
      2149 Medway Rd, Medway, ME 04460
      View Details
    • $199,900
      5,888 SF

      East Millinocket Church with Finished Basement

      Spacious church with finished basement and ample parking.
      1 Palm St, East Millinocket, ME 04430
      View Details
    • $209,000
      2,700 SF

      East Millinocket Commercial Opportunity

      Well-maintained commercial property with parking in a convenient location.
      59 Main St, East Millinocket, ME 04430
      View Details
    • $215,000
      2,430 SF

      East Millinocket Commercial Building For Sale

      Well-maintained commercial building suitable for retail, office, or medical use.
      87 Main St, East Millinocket, ME 04430
      View Details
    • $69,900
      2,400 SF

      Versatile Mixed-Use Property

      Mixed-use property with business and residential potential in East Millinocket.
      17 Western Ave, East Millinocket, ME 04430
      View Details
    • $135,000
      12.50 Acres

      Waterfront Land on Penobscot River

      12.5 acres of waterfront land on the Penobscot River.
      M14L17 Pattagumpus Rd, Medway, ME 04460
      View Details

    Nearby Similar for Sale

    • $499,900
      5,800 SF

      Medway Mixed-Use Commercial Property

      Prime Medway location, high income potential.
      2149 Medway Rd, Medway, ME 04460
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - High-traffic location, 3-acre lot, investment opportunity.
    Where is this mixed-use property located?
    The property is located at 2121 Medway Rd Medway, ME.
    What is the asking price?
    The asking price for this property is $275,000.
    (207) 794-2700
    Request Owner's contact information
    2121 Medway Rd Medway, ME 04460
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2121 Medway Rd
    Medway, ME 04460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2121 Medway Rd Medway, ME 04460
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.