Waterfront Land with River
For Sale
$154,900
Old Farm Road lot 19B, Medway, ME 04460
LAND - Medway, ME
Property SizeContact for details
Lot Size5.20 Acres
Days on Market31
Property Features for Old Farm Road lot 19B
General Information
Property type
Land
Property subtype
Other
Zoning
Res. & Commercial
Pets allowed
No
Lot features
Other Location, Rolling/ Sloping, Open, Wooded, Near Golf Course, Near Turnpike/ Interstate, Near Town, Neighborhood, Rural
Standard status
Active
Lot size
5.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
796
Utilities
Sewer type
Private Sewer
Water source
Private, Well
Water front features
Stream
Water front
1
Listing Agency:
ERA Dawson-Bradford Co. · ERA Real Estate
(207) 947-6788
Listed By:
Christopher DeLisle
(207) 557-5119
Added: Jul 13
Changed: Jul 28
Last Checked: Aug 12 at 1:06PM
MLS# 1658858
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.
This 5.2-acre waterfront parcel offers approximately 400 feet of frontage on the West Branch of the Penobscot River. The property is situated on a quiet dead-end road and is listed with Res. & Commercial zoning, providing flexibility for residential or commercial development planning. State approval is noted for up to four mobile home sites.
The parcel currently includes two tenant-owned homes on a month-to-month lot lease, generating monthly income, with an option to continue, expand, or remove and redevelop the site. The location is described as about 5 minutes from I-95, with Millinocket, Baxter State Park, and Mount Katahdin nearby.
For outdoor-oriented use, the listing highlights year-round recreation activities including fishing, hunting, boating, hiking, and snowmobiling.
The parcel currently includes two tenant-owned homes on a month-to-month lot lease, generating monthly income, with an option to continue, expand, or remove and redevelop the site. The location is described as about 5 minutes from I-95, with Millinocket, Baxter State Park, and Mount Katahdin nearby.
For outdoor-oriented use, the listing highlights year-round recreation activities including fishing, hunting, boating, hiking, and snowmobiling.
Key Highlights
- 5.2‑acre waterfront parcel in Medway with about 400 ft of frontage on the West Branch of the Penobscot River
- State‑approved for up to 4 mobile home sites
- Includes 2 existing tenant‑owned homes on a month‑to‑month lot lease generating monthly income
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - 5.2-acre waterfront parcel with approximately 400 feet of frontage on the West Branch of the Penobscot River.
Where is this waterfront land located?
The property is located at Old Farm Road lot 19B Medway, ME.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: 5.2‑acre waterfront parcel in Medway with about 400 ft of frontage on the West Branch of the Penobscot River; State‑approved for up to 4 mobile home sites; Includes 2 existing tenant‑owned homes on a month‑to‑month lot lease generating monthly income
