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    Orono, ME
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    Orono, ME Residential Land & Home Lots for Sale

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    7 properties
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    Development Site Near University of Maine
    Updated: May 11
    Development Site Near University of Maine

    Park Street, Orono, ME 04773

    $900,000
    4.58 AC lot
    Development site for 30 spacious 2‑3BR units in a high‑demand rental market.
    Prime location adjacent to the University of Maine, offering exceptional proximity.
    Site is ideally suited for townhouse‑style apartments.
    Strong rental market fundamentals due to student population.
    Scalable ±4.6‑acre site allows for a cohesive townhome community.
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    Riverside Development Land
    Updated: Jul 18
    Riverside Development Land

    Margin Street, Orono, ME 04473

    $79,900
    1.49 AC lot
    1.49+/- acre lot set on the scenic Penobscot River in Orono, Maine
    Approximately 375 feet of river frontage with waterfront feature described as a stream
    Approximately 450 feet of road frontage and access via an existing driveway
    Private water source and private sewer
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    LAND - Orono, ME
    LAND - Orono, ME

    Grant Road lot: 14, Orono, ME 04473

    $59,000
    1.98 AC lot

    Land · 1.98 Acres

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Residential Development Lot
    Residential Development Lot

    Map17-lot53 Grant Road, Orono, ME 04473

    $68,000
    85,813 sqft 1.97 AC lot

    Partially cleared residential lot in the Forest Hollow Subdivision, offering 1.97 acres for a custom home build.

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    LAND - Orono, ME
    LAND - Orono, ME

    Grant Road lot: 12, Orono, ME 04473

    $59,000
    1.99 AC lot

    Land · 1.99 Acres

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    LAND - Orono, ME
    LAND - Orono, ME

    Merritt Drive, Orono, ME 04473

    $99,900
    4.20 AC lot

    Land · 4.20 Acres

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    Orono Development Site Opportunity
    Orono Development Site Opportunity

    00 Park St, Orono, ME 04773

    Contact for pricing
    4.60 AC lot

    4.6-acre development site near the University of Maine.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 7 Active listings in Orono, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Approved Active Adult Development Land
    Approved Active Adult Development Land

    Lot 00 Bradley Road, Milford, ME 04461

    $1,850,000
    2,395,800 sqft 55.00 AC lot

    Approved 142-unit 55+ active adult project with 40 duplex sites phase complete and city water, sewer, and paved roads in place.

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    LAND - Milford, ME
    LAND - Milford, ME

    Bradley Road lot: A, Milford, ME 04461

    $950,000
    10.00 AC lot

    Land · 10.00 Acres

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    Wooded Residential Land Parcel
    Wooded Residential Land Parcel

    00 Kirkland Road, Old Town, ME 04468

    $89,000

    A primarily wooded parcel with a private spring, offering space for stick-built, modular, or mobile homes.

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    LAND - Old Town, ME
    LAND - Old Town, ME

    199 Poplar Street, Old Town, ME 04468

    $40,000
    1.43 AC lot

    Land · 1.43 Acres

    View details

    Orono, ME Residential Land & Home Lots Market Trends and Statistics

    Explore 7 residential land & home lots for sale in Orono, ME, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 906,484 square feet of properties for sale, with an estimated market value of $1,265,800.

    Sale prices for home sites in Orono, ME start at $59,000, averaging $210,966, and reaching up to $900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 6
    Industrial land 4
    Residential land & home lots 3
    Waterfront Land 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +2.9%
    Median Household Income $58,893

    High-Yield Neighborhoods for Investment

    Identify Orono submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Orono $72.6K
    Saint David $900K

    Taxes & Financing

    Tax Rate (average for all types) 2.34%
    Property Tax per SF $41.89 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Penobscot County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Penobscot County

    Retail

    Office

    Residential Income

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    Most Searched ZIP Codes in Orono, ME

    • 04473
    • 04773

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