Manufacturing Property With Water
For Sale
$299,000
168 Payson Road, Union, ME 04862
Commercial Sale, Union, ME
Property Size3,285 SF
Lot Size0.36 Acres
Price / SF$91.02
Days on Market118
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
Additional Details
Property Use
Manufacturing
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1674
Utilities
Sewer type
Septic Needed, Private Sewer
Heating system
None (Heating)
Water source
Well, Private
Building Details
Year built
1850
Flooring type
Wood
Building materials
Shingle Siding, Wood Siding
Roof type
Composition
Buildings
1
Listing Agency:
Lone Pine Real Estate Company
(207) 230-8300
Listed By:
Rachael Imus
(207) 790-3960
Added: Jul 12
Changed: Oct 29
Last Checked: Nov 6 at 2:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1850, this 3,285-square-foot manufacturing property is a former grist mill with wood flooring and shingle and wood siding. The building requires restoration and includes no heating system. Its prior mill use, water rights, and existing improvements support continued production, retail, studio, or storage uses as described in the property information.
The property includes the mill building, a 0.36-acre lot, a dam at the mill, and additional land between Lermond Pond and Mill Pond with a second dam. Historic water rights extend between Alford Lake and Lermond Pond. Private well water and private sewer are present, with septic work needed; off-street parking is also provided.
The property includes the mill building, a 0.36-acre lot, a dam at the mill, and additional land between Lermond Pond and Mill Pond with a second dam. Historic water rights extend between Alford Lake and Lermond Pond. Private well water and private sewer are present, with septic work needed; off-street parking is also provided.
Key Highlights
- 3,285‑square‑foot mill building constructed in 1850
- Historic water rights between Alford Lake and Lermond Pond
- Property includes dams at the mill and between Lermond Pond and Mill Pond
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Historic mill building with water rights, off-street parking, wood flooring, and restoration needs in a rural setting.
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: 3,285‑square‑foot mill building constructed in 1850; Historic water rights between Alford Lake and Lermond Pond; Property includes dams at the mill and between Lermond Pond and Mill Pond
