800 Central St Millinocket, ME 04462

This 82,505 square foot shopping center in Millinocket, Maine, presents a compelling redevelopment opportunity. Located at 800 Central St, 04462, this multi-tenant property is currently 20% occupied and features two single-story buildings. The asking price is $850,000, translating to $10.30 per square foot. The property is situated in a strong retail trade area, near national chains including McDonald's, Dunkin' Donuts, Family Dollar, Dollar General, and Subway, with Hannaford grocery store across the street. A significant anchor tenant, Tractor Supply, is already in place. The property includes a former grocery store and former movie theater, currently used for boat and RV storage, suggesting potential for self-storage conversion. Additional redevelopment possibilities include housing, given the property's location near Baxter State Park and the ongoing redevelopment of the East Millinocket Paper mill into a trucking logistics and green energy hub. The property is zoned commercial and operates under a NNN lease structure with a remaining term of 3 years. This presents a unique chance to capitalize on the revitalization of the area and create significant value. The property's proximity to Mt. Katahdin and its strategic location within a thriving retail corridor make it an attractive investment.