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Mixed-Use Building with Office Space

202 Penobscot Avenue, Millinocket, ME 04462

For Sale
$119,000

A one-bedroom apartment occupies the upper level above ground-floor commercial space.

Property Size2,067 SF
Price / SF$57.57
Days on Market52

Property Features for 202 Penobscot Avenue

General Information

Standard status Active
Size 2,067 SF
Property subtype Commercial
Zoning See Town

Site & Location

Road Access Yes
Mixed-Use Components office, residential

Additional Details

Property Use Office

Taxes and HOA fees

Annual Taxes $1,610

Amenities

Storage

Building Details

Building Size 2,067 SF
Year Built 1916
Buildings 1
Stories 2
Listing Agency: Acres Away, Inc.
Listed By: Alan Staples · License #924109
Source: Amerorealty
Added: Sep 17 Changed: Oct 31 Last Checked: Nov 7 at 2:39AM

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,067-square-foot mixed-use building has professional office space on the first floor and a one-bedroom apartment upstairs. The building dates to 1916, with a layout combining commercial space and residential accommodation under one roof.

At 202 Penobscot Avenue, the property sits along Millinocket’s downtown business corridor, among shops, restaurants, professional services, and other established businesses.

Key Highlights

  • 2,067‑square‑foot mixed‑use property
  • Ground floor configured as professional office space
  • Second‑floor one‑bedroom apartment

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Building Supply Pharmacy 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.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Penobscot County, ME

$106 Jul
$106 Aug
$105 Sep
$115 Oct

Properties on Market for Mixed-use properties in Penobscot County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A one-bedroom apartment occupies the upper level above ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 202 Penobscot Avenue 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 property; Ground floor configured as professional office space; Second‑floor one‑bedroom apartment
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