Downtown Mixed-Use
New
For Sale
$119,000
202 Penobscot Ave, Millinocket, ME 04462
Two-level property combines professional office space with a one-bedroom apartment along a traditional downtown business corridor.
Property Size2,067 SF
Price / SF$57.57
Days on Market3
Property Features for 202 Penobscot Ave
General Information
Standard status
Active
Size
2,067 SF
Additional Details
Road Access
Yes
Building Details
Year Built
1916
Buildings
1
Stories
2
Listing Agency:
Acres Away, Inc.
Listed By:
Alan Staples · License #924109
(239) 398-0261
Source:
603luxury
Added: Sep 20
Last Checked: Sep 21 at 12:42PM
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 Acres Away, Inc.
Investment Insights
Based on property information with market context.
Located at 202 Penobscot Ave in downtown Millinocket, this 2,067-square-foot mixed-use building combines commercial space with an upstairs residence. Constructed in 1916, the property places office and living uses within the same structure.
The first floor is configured as professional office space and has previously housed an accounting firm and a newspaper agency. The second floor contains a one-bedroom apartment, creating a live-work arrangement or an opportunity to lease the residential and commercial areas separately.
The property sits along Penobscot Avenue, described as Millinocket’s traditional downtown corridor, with established businesses, restaurants, shops, and professional services nearby. The surrounding area also serves visitors pursuing hiking, ATVing, snowmobiling, fishing, canoeing, and kayaking in northern Maine.
The first floor is configured as professional office space and has previously housed an accounting firm and a newspaper agency. The second floor contains a one-bedroom apartment, creating a live-work arrangement or an opportunity to lease the residential and commercial areas separately.
The property sits along Penobscot Avenue, described as Millinocket’s traditional downtown corridor, with established businesses, restaurants, shops, and professional services nearby. The surrounding area also serves visitors pursuing hiking, ATVing, snowmobiling, fishing, canoeing, and kayaking in northern Maine.
Key Highlights
- 2,067‑square‑foot mixed‑use building
- First floor configured for professional office use
- Second‑floor one‑bedroom apartment
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 04462, ME
4,411
Population
3,302
Households
1.3
Avg Household Size
56
Median Age
20%
College-Educated
96%
High-School Grad
702.8 sq mi
ZIP Area
6
Density / Sq Mi
$44,167
Median Household Income
$23,295
Median Earnings
$553
Median Rent
$89,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combines professional office space with a one-bedroom apartment along a traditional downtown business corridor.
Where is this mixed-use property located?
The property is located at 202 Penobscot Ave Millinocket, ME.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: 2,067‑square‑foot mixed‑use building; First floor configured for professional office use; Second‑floor one‑bedroom apartment
