Development Site Near University of
For Sale
$900,000
Park Street, Orono, ME 04773
Land, Orono, ME
Property SizeContact for details
Lot Size4.58 Acres
Days on Market104
Property Features for Park Street
General Information
Property type
Land
Property subtype
Other
Zoning
Residential
Parking features
None
Lot features
Well Landscaped, Open, Level, Near Town, Neighborhood
Standard status
Active
Lot size
4.58 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
82400
Utilities
Water source
Public
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Edward Baldacci · License #BA930083
(207) 939-2969
Added: May 11
Changed: Aug 19
Last Checked: Aug 22 at 1:06AM
MLS# 1661445
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 4.58-acre development site is positioned in Orono, Maine, near the University of Maine. The property is suitable for the construction of 30 spacious units, potentially with 2-3 bedrooms. Located on Park Street, the site is near The Local and approximately 0.5-0.8 miles from the University of Maine, offering proximity to the campus. The University enrolls approximately 11,000 students. The level parcel benefits from existing infrastructure access and is suited for a 30-unit, townhouse-style apartment community. Orono draws renters from both the student population and the broader Bangor region, functioning as a regional service and employment center. The site provides the scale and flexibility to execute a cohesive townhome-style community, with the seller willing to support approvals.
Key Highlights
- Development site for 30 spacious 2‑3BR units in a high‑demand rental market.
- Prime location adjacent to the University of Maine, offering exceptional proximity.
- Site is ideally suited for townhouse‑style apartments.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 04773, ME
780
Population
627
Households
1.2
Avg Household Size
54
Median Age
24%
College-Educated
95%
High-School Grad
40.4 sq mi
ZIP Area
19
Density / Sq Mi
$50,489
Median Household Income
$37,024
Median Earnings
$104,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 4.58-acre development site for 30 units near University of Maine.
Where is this land located?
The property is located at Park Street Orono, ME.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Development site for 30 spacious 2‑3BR units in a high‑demand rental market.; Prime location adjacent to the University of Maine, offering exceptional proximity.; Site is ideally suited for townhouse‑style apartments.
