Historic Grist Mill with Water
For Sale
$299,000
168 Payson Road, Union, ME 04862
COMMERCIAL - Union, ME
Property Size3,285 SF
Lot Size0.36 Acres
Price / SF$91.02
Days on Market50
Property Features for 168 Payson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Rural
Parking features
Off Street
Lot features
Waterfront, Water View, Rural
Standard status
Active
Size
3,285 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1674
Utilities
Sewer type
Septic Needed, Private Sewer
Heating system
None (Heating)
Water source
Private, Well
Building Details
Year built
1850
Flooring type
Wood
Building materials
Shingle Siding, Wood Siding
Roof type
Composition
Listing Agency:
Lone Pine Real Estate Company
(207) 230-8300
Listed By:
Rachael Umstead
(207) 790-3960
Added: Jun 18
Changed: Aug 4
Last Checked: Aug 6 at 7:06AM
MLS# 1667898
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.
Historic grist mill with water rights on a mill pond setting in East Union Village. The property includes the mill building, surrounding lot, and the dam at the mill, plus additional land between Lermond Pond and Mill Pond, including a second dam. The mill has operated as a grist mill since the early 1800s and has ground flour for the past 40 years.
Located at 168 Payson Road in Union, Maine, the property conveys with historic water rights between Alford Lake and Lermond Pond, supporting the owner’s stewardship of water levels across this watershed area. The site is described as approximately 2 acres of mill pond setting, with a recorded lot size of 0.36 acres and a building size of 3,285 square feet.
The historic structure was built in 1850 and features shingle siding and wood siding with wood flooring and a composition roof. Heating is listed as none, and the property offers off-street parking. Water is provided by private well, and sewer is listed as private septic with septic needed.
Located at 168 Payson Road in Union, Maine, the property conveys with historic water rights between Alford Lake and Lermond Pond, supporting the owner’s stewardship of water levels across this watershed area. The site is described as approximately 2 acres of mill pond setting, with a recorded lot size of 0.36 acres and a building size of 3,285 square feet.
The historic structure was built in 1850 and features shingle siding and wood siding with wood flooring and a composition roof. Heating is listed as none, and the property offers off-street parking. Water is provided by private well, and sewer is listed as private septic with septic needed.
Key Highlights
- Water rights between Alford Lake and Lermond Pond with dams at the mill and at a second location
- Mill building plus surrounding lot and additional land between Lermond Pond and Mill Pond
- 3,285 square feet building area on a 0.36‑acre lot
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 grist mill property with private water access and water rights, including mill dam and additional watershed land.
Where is this manufacturing property located?
The property is located at 168 Payson Road 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: Water rights between Alford Lake and Lermond Pond with dams at the mill and at a second location; Mill building plus surrounding lot and additional land between Lermond Pond and Mill Pond; 3,285 square feet building area on a 0.36‑acre lot
