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Orono Commercial Development Opportunity
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16 GODFREY DR, Orono, ME 04473

3.55 acre commercial lot in Orono's business corridor.

Property Size154,638 SF
Lot Size3.55 Acres
Price / SF$0.96
Days on Market102

Property Features for 16 GODFREY DR

General Information

Standard status Active
Size 154,638 SF
Lot size 3.55 Acres
Property subtype Office, Industrial, Land
Zoning COM LAND DEV

Building Details

Year Built 1988
Stories 1
Units 1
Listing Agency: Keller Williams Realty
Listed By: Edward Baldacci · License #BA930083
Source: Crexi
Added: May 12 Changed: Aug 16 Last Checked: Aug 16 at 10:46AM

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 vacant 3.55-acre commercial lot presents a development opportunity in the Godfrey Drive business corridor in Orono. The property is suitable for office, industrial, flex-space, research, technology, medical, or service-oriented development. It is located minutes from Interstate 95, downtown Bangor, and the University of Maine. The property is positioned within Orono’s Maine Technology Industrial Park area, near a mix of office, research and development, manufacturing, and technology-based businesses. Public utilities, 3-phase power, and high-speed internet infrastructure are accessible. The location is suitable for investors, developers, or owner-users seeking long-term upside in a strategically located commercial corridor.

Key Highlights

  • Prime commercial development opportunity in the highly desirable Godfrey Drive business corridor.
  • 3.55 ACRE vacant commercial lot suitable for office, industrial, flex‑space, research, technology, medical, or service‑oriented development.**
  • Ideally positioned minutes from Interstate 95, downtown Bangor, and the University of Maine, providing exceptional accessibility and visibility.

Property Analytics

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.

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

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 - 3.55 acre commercial lot in Orono's business corridor.
Where is this commercial land located?
The property is located at 16 GODFREY DR 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: Prime commercial development opportunity in the highly desirable Godfrey Drive business corridor.; 3.55 ACRE vacant commercial lot suitable for office, industrial, flex‑space, research, technology, medical, or service‑oriented development.**; Ideally positioned minutes from Interstate 95, downtown Bangor, and the University of Maine, providing exceptional accessibility and visibility.
(207) 756-2063 Call to check price and availability
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