60 Mill St Corinna, ME 04928

Property Details for 60 Mill St

Year built

1900

Lot size

1.00 lot acres

Property size

3,040 SF

Property type

Commercial real estate

Description

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.