Historic Manufacturing Property with Water
For Sale
$299,000
168 Payson Rd, Union, ME 04862
Historic mill building with pond, dam, and watershed water rights; restoration is needed.
Property Size3,200 SF
Price / SF$91.02
Days on Market43
Property Features for 168 Payson Rd
General Information
Standard status
Active
Size
3,200 SF
Property Condition
Severity
Repairs Needed
Evidence
in need of restoration
Building Details
Year Built
1850
Buildings
1
Building Size
3,200 SF
Listing Agency:
Lone Pine Real Estate Company
(207) 790-3960
Listed By:
Rachael Umstead
Source:
Aroostookrealestate
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 7:33PM
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 Lone Pine Real Estate Company
Investment Insights
Based on property information with market context.
Built in 1850, this historic grist mill contains 3,285 square feet and sits beside approximately 2 acres of Mill Pond. The property includes the mill structure, surrounding lot, a dam at the mill, and additional land between Lermond Pond and Mill Pond with a second dam. Restoration is needed, while the existing layout supports continued milling, retail, studio, or storage use as described for the property.
Located at 168 Payson Rd in East Union Village, the offering also includes historic water rights between Alford Lake and Lermond Pond. Those rights relate to maintaining water levels across the watershed and extend the property beyond the mill building itself.
Located at 168 Payson Rd in East Union Village, the offering also includes historic water rights between Alford Lake and Lermond Pond. Those rights relate to maintaining water levels across the watershed and extend the property beyond the mill building itself.
Key Highlights
- 3,285‑square‑foot grist mill built in 1850
- Approximately 2 acres of Mill Pond included
- Historic water rights between Alford Lake and Lermond Pond
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 04862, ME
3,794
Population
2,065
Households
1.8
Avg Household Size
47
Median Age
34%
College-Educated
97%
High-School Grad
64.9 sq mi
ZIP Area
58
Density / Sq Mi
$71,546
Median Household Income
$38,164
Median Earnings
$1,067
Median Rent
$236,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Historic mill building with pond, dam, and watershed water rights; restoration is needed.
Where is this manufacturing property located?
The property is located at 168 Payson Rd Union, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 3,285‑square‑foot grist mill built in 1850; Approximately 2 acres of Mill Pond included; Historic water rights between Alford Lake and Lermond Pond
