60 Mill St Corinna, ME 04928
This unique 3,040 square foot commercial property located at 60 Mill Street, Corinna, ME, presents a rare investment opportunity. Currently utilized as a storage facility for boats and equipment, this brick mill-style building sits on a one-acre lot with deeded rights to a unique waterfront location on the Eastern Branch of the Sebasticook Stream. The property's history includes electricity generation, offering significant potential for future development. While the building requires substantial updating and may necessitate obtaining necessary permits, the inherent value lies in its prime location and historical significance. The potential for power generation, a growing sector, makes this a particularly attractive proposition for forward-thinking investors. The property's condition necessitates significant renovations, but the potential rewards are substantial. Further investigation into available grants for building rehabilitation is encouraged. This is a once-in-a-lifetime chance to acquire a remarkable asset with significant upside potential, ideal for adding to an existing investment portfolio or for a visionary entrepreneur seeking a unique project. The property's riverfront location and historical context offer a compelling combination for a variety of commercial uses. Serious inquiries only.
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Penske Truck Rental Car Rental Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.