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    L19B Old Farm Rd Medway, ME 04460

    • Retail properties
    • 5.20 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for L19B Old Farm Rd

    Lot size
    5.20 lot acres
    Property type
    Retail properties

    Description

    This exceptional 5.2-acre commercial property in Medway, Maine, presents a unique investment opportunity. Located on the West Branch of the Penobscot River, the lot boasts 21 parking spaces and is zoned for commercial use. Currently configured as a mobile home park with up to four permitted sites (all month-to-month leases), the property offers immediate income potential. The existing steel trailer serves as storage. The property itself does not include any mobile homes. The site's convenient location offers proximity to local amenities including a store, restaurant, and post office. Medway's recreational attractions, such as fishing, boating, snowmobiling, and a public beach, add to its appeal. The property's commercial zoning allows for diverse development possibilities, including expansion of the existing mobile home park, construction of a new residence (subject to town approval), or other commercial ventures. The asking price is $159,900. The APN is L19BOldFarmRoadMedway04460. This versatile property offers a blend of immediate income and significant long-term potential. Don't miss this chance to own a piece of Medway's vibrant landscape.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medway
    County
    Penobscot
    State
    Maine
    Longitude
    -68.5376
    Latitude
    45.6115

    Comparable in this City

    • Value Estimation
      $270,000
      1.40 Acres

      2074 Medway Rd

      RESTAURANT • 1.40 Acres
      2074 Medway Rd, Medway, ME 04460
      View Details
    • Value Estimation
      $270,000
      0.55 Acres

      2149 Medway Rd

      RESTAURANT • 0.55 Acres
      2149 Medway Rd, Medway, ME 04460
      View Details
    • Value Estimation
      $260,000
      0.92 Acres

      2211 Medway Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.92 Acres
      2211 Medway Rd, Medway, ME 04460-3102
      View Details
    • Value Estimation
      $225,000
      0.92 Acres

      2090 Medway Rd

      SHOW ROOM, WAREHOUSE • 0.92 Acres
      2090 Medway Rd, Medway, ME 04460
      View Details
    • Value Estimation by Request

      2146 Medway Rd

      RETAIL STORES (PERSONAL SERVICES)
      2146 Medway Rd, Medway, ME 04460
      View Details
    • Value Estimation
      $305,000
      1.30 Acres

      7 Main Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.30 Acres
      7 Main Rd, Medway, ME 04460-3128
      View Details

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    L19B Old Farm Rd
    Medway, ME 04460
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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