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.
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 |
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Taxes |
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Operating Expenses |
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Total Expenses |
$99,999
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$9.99
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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 |