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158 Penobscot Ave 1,533 SF Retail Building Millinocket, ME 04462 $249,900 ($163.01/SF)
Investment Highlights
- Near Baxter State Park and Mount Katahdin
- Busy area with steady vehicle and pedestrian activity
- Private, flexible space layout
- Convenient access to public parking
Executive Summary
Excellent commercial opportunity on Penobscot Avenue in the downtown Millinocket business district. This fully renovated office building offers over 1,500 sq. ft. of functional space, including a welcoming reception area, three well-sized private offices, a kitchen area, and six heat pumps providing efficient climate control throughout. The layout offers privacy and flexibility to accommodate a variety of professional uses. The property benefits from steady vehicle and pedestrian activity, with convenient access to public parking located directly adjacent and owned by the Town of Millinocket. It is currently occupied under a month-to-month triple-net lease, with the tenant intending to vacate in mid-2026, creating an opportunity for either a new tenant or an owner-occupied business. Located in the Katahdin Region near Baxter State Park and Mount Katahdin, this space offers strong visibility and accessibility in a desirable commercial corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,533 SF
Building Class
C
Year Built
1925
Price
$249,900
Price Per SF
$163.01
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
3 Spaces (1.96 Spaces per 1,000 SF Leased)
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MLNK-000005-000000-000239U | Improvements Assessment | $47,000 |
| Land Assessment | $4,500 | Total Assessment | $51,500 |
Property Taxes
Parcel Number
MLNK-000005-000000-000239U
Land Assessment
$4,500
Improvements Assessment
$47,000
Total Assessment
$51,500
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