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Waterfront Land with Mobile Home Sites
For Sale
$159,900

Lot 19 Old Farm Road, Medway, ME 04460

Residential and commercial zoning supports approved mobile home sites, with two tenant-owned homes currently on month-to-month lot leases.

Property Size226,512 SF
Price / SF$0.71
Days on Market132

Property Features for Lot 19 Old Farm Road

General Information

Standard status Active
Size 226,512 SF
Property subtype Land
Zoning Res. & Commercial

Taxes and HOA fees

Annual Taxes $796

Amenities

.00
Listing Agency: ERA Dawson-Bradford Co.
Listed By: Christopher DeLisle
Source: Compass
Added: Apr 22 Changed: Aug 31 Last Checked: Aug 31 at 1:22AM

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 ERA Dawson-Bradford Co.

Investment Insights

Based on property information with market context.

This 5.2-acre waterfront parcel at Lot 19 Old Farm Road includes approximately 400 feet along the West Branch of the Penobscot River. The property carries residential and commercial zoning and has state approval for up to four mobile home sites. Two tenant-owned homes are already situated on month-to-month lot leases, providing an existing rental arrangement that may continue, expand, or be removed for future redevelopment.

The parcel is on a quiet dead-end road in Medway, approximately five minutes from I-95 and a short drive from Millinocket. Baxter State Park and Mount Katahdin are nearby, with the surrounding area supporting fishing, hunting, boating, hiking, and snowmobiling. The waterfront setting and existing site approvals provide a range of documented residential and commercial land-use considerations.

Key Highlights

  • 5.2‑acre waterfront parcel in Medway
  • Approximately 400 feet of frontage on the West Branch of the Penobscot River
  • Residential and commercial zoning

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Electrical Service Building Supply Auto Parts Store (Bike/Boat/Book/etc) Store Barber Shop Hair Salon

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

61
Businesses Nearby

Demographics for 04460, ME

1,236
Population
654
Households
1.9
Avg Household Size
53
Median Age
8%
College-Educated
88%
High-School Grad
76.7 sq mi
ZIP Area
16
Density / Sq Mi
$46,125
Median Household Income
$28,200
Median Earnings
$766
Median Rent
$84,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Residential and commercial zoning supports approved mobile home sites, with two tenant-owned homes currently on month-to-month lot leases.
Where is this waterfront land located?
The property is located at Lot 19 Old Farm Road Medway, ME.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: 5.2‑acre waterfront parcel in Medway; Approximately 400 feet of frontage on the West Branch of the Penobscot River; Residential and commercial zoning
More about this property
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