117 Vaughn Rd - Brown's Mill Historic Rehab Opportunity 63,000 SF Specialty Building Offered at $1,290,000 in Dover Foxcroft, ME 04426

INVESTMENT HIGHLIGHTS

  • Classic Historic Mill Property at Scenic Riverfront Location
  • Eligible for Maine's Tax Increment Financing (TIF) Prorgam with Possible 75% to 90% Property Tax Reduction
  • Eligible for Federal and State Historic Tax Credits, and Low Income Housing Tax Credits,
  • Brownfield studies completed in 2024

EXECUTIVE SUMMARY

Dover Foxcroft is approximately 42 miles north of Newport on Route 7 where I-95 crosses through the region. It is on the preferred route to Greenville and the Moosehead Lake Region from both Portland/Augusta and Waterville to the south and Bangor to the northeast.
Dover Foxcroft is the home of the Foxcroft Academy which is both a regional high school and a private academy. (Approximately 325 public students and 75 private students) The Town has recently been the recipient of public and private grants allowing for the construction of both a two acre indoor sports arena and and a separate state-of-the-art indoor hockey rink. These facilities are unparalleled in the state of Maine for pre-college sports
Dover Foxcroft is a sub regional center with a local hospital Part of three Northern Light Health systems, a shopping center, including a Hannaford's grocery store, fast food outlets, and numerous other retail outlets and services. There is a community center with an indoor swimming pool.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99

PROPERTY FACTS

Price $1,290,000
Price Per SF $20.48
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
Property Type Specialty
Property Subtype School
Building Class C
Lot Size 2.80 AC
Building Size 63,000 SF
No. Stories 5
Year Built/Renovated 1846/1912
Parking Ratio 1.25/1,000 SF
Zoning VILLAGE - VILLAGE
  • Listing ID: 29648670

  • Date on Market: 9/28/2023

  • Last Updated:

  • Address: 117 Vaughn Rd, Dover Foxcroft, ME 04426