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    OFF-MARKET
    Mixed-use properties

    2121 Medway Rd, Medway, ME 04460

    956 SF 3 ac lot
    Property ID
    US42-0788194
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Mixed-use properties
    Total area 956 SF
    Lot 3 ac (130,680 SF)
    UPID US42-0788194
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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