Mixed-Use Property with
For Sale
$189,000
234 & 240 Penobscot Avenue, Millinocket, ME 04462
The downtown Millinocket offering combines residential units with commercial spaces across two properties.
Property Size10,939 SF
Price / SF$17.28
Days on Market1134
Property Features for 234 & 240 Penobscot Avenue
General Information
Standard status
Active
Size
10,939 SF
Property subtype
Commercial
Zoning
DC
Site & Location
Road Access
Yes
Mixed-Use Components
residential, commercial
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$5,726
Building Details
Building Size
10,939 SF
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Michelle Foss · License #BA925077,PersonLicenseNumber
(207) 992-7762
Source:
Amerorealty
Added: Sep 25, 2023
Changed: Oct 31
Last Checked: Oct 31 at 2:23PM
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 NextHome Experience
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-property mixed-use offering at 234 and 240 Penobscot Avenue totals 10,939 square feet. The buildings contain 7 apartments and 6 commercial spaces, providing both residential and commercial components. The property was built in 1910 and is zoned DC.
Located in downtown Millinocket, the property is near Baxter State Park and Mount Katahdin. The Millinocket Marathon is also identified as a regional visitor draw.
Located in downtown Millinocket, the property is near Baxter State Park and Mount Katahdin. The Millinocket Marathon is also identified as a regional visitor draw.
Key Highlights
- Two properties conveyed together at 234 and 240 Penobscot Avenue
- 10,939 square feet across the combined offering
- Includes 7 apartments and 6 commercial spaces
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
Business Placement
Demographics for 04462, ME
4,411
Population
3,302
Households
1.3
Avg Household Size
56
Median Age
20%
College-Educated
96%
High-School Grad
702.8 sq mi
ZIP Area
6
Density / Sq Mi
$44,167
Median Household Income
$23,295
Median Earnings
$553
Median Rent
$89,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The downtown Millinocket offering combines residential units with commercial spaces across two properties.
Where is this mixed-use property located?
The property is located at 234 & 240 Penobscot Avenue Millinocket, ME.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Two properties conveyed together at 234 and 240 Penobscot Avenue; 10,939 square feet across the combined offering; Includes 7 apartments and 6 commercial spaces
