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Commercial Land Development Parcel
For Sale
$149,000

16 Godfrey Drive, Orono, ME 04473

Land, Orono, ME

Property SizeContact for details
Lot Size3.55 Acres
Days on Market131

Property Features for 16 Godfrey Drive

General Information

Property type Land
Property subtype Other
Zoning Commercial
Lot features Open, Industrial Park, Near Turnpike/ Interstate, Near Town, Office Park
Standard status Active
Lot size 3.55 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2328

Utilities

Water source Public
Listing Agency: Keller Williams Realty
Listed By: Edward Baldacci · License #BA930083
Added: May 12 Changed: Aug 19 Last Checked: Sep 19 at 3:06AM
MLS# 1661678

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 3.55-acre vacant parcel is zoned Commercial and positioned for future development within Orono’s Godfrey Drive business corridor. Public water is identified as the site’s water source, and the surrounding area includes professional offices, light industrial businesses, research facilities, and other commercial properties.

The property is located at 16 Godfrey Drive in Orono, with access to Interstate 95 and proximity to the University of Maine and downtown Bangor. Orono is identified as a regional employment center with more than 6,300 jobs, while the broader Bangor-Orono market includes professional services, healthcare, advanced manufacturing, life sciences, and technology activity. The area’s workforce includes more than 54% of adults with at least a four-year degree.

Key Highlights

  • 3.55‑acre vacant commercial parcel
  • Commercial zoning
  • Public water source identified

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Hair Salon Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

107
Businesses Nearby

Demographics for 04473, ME

8,070
Population
3,759
Households
2.1
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
17.3 sq mi
ZIP Area
466
Density / Sq Mi
$58,893
Median Household Income
$27,016
Median Earnings
$1,146
Median Rent
$217,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Vacant commercial parcel with public water service in an established business corridor.
Where is this commercial land located?
The property is located at 16 Godfrey Drive Orono, ME.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 3.55‑acre vacant commercial parcel; Commercial zoning; Public water source identified
More about this property
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