2121 Medway Rd Medway, ME 04460
- Mixed-use properties
- 956 SF
- 3.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 2121 Medway Rd
- Lot size
- 3.00 lot acres
- Property size
- 956 SF
- Property type
- Mixed-use properties
Description
This exceptional 3-acre mixed-use property at 2121 Medway Road in Medway, ME, presents a unique investment opportunity. Boasting 390 feet of road frontage on a busy main road with high traffic volume, this property enjoys unparalleled visibility. Its strategic location places it on the route to popular destinations such as East Millinocket, Millinocket, Mount Katahdin, and the National Monument, ensuring consistent traffic flow. The property includes a charming owner-occupied ranch-style home featuring two bedrooms, one and a half bathrooms, a sun porch, a heat pump, and a Biasi boiler. Additionally, there are two existing single-family rental units on the property, providing immediate income potential. A former restaurant and post office, now converted into a workshop/storage area and a rental unit respectively, offer versatile space. The restaurant's original concrete slab remains. Much of the 3-acre lot is uncleared, allowing for significant expansion possibilities. The combination of high traffic, prime location, and existing structures makes this property ideal for a new business venture or expansion of an existing one. The property offers excellent privacy due to wooded areas at the rear. ATV and snowmobile access are also available. The 956 square foot home provides comfortable living quarters, while the additional rental units generate passive income. This property offers a rare blend of residential comfort and significant commercial potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medway
- County
- Penobscot
- State
- Maine
- Longitude
- -68.54412
- Latitude
- 45.61321
