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Northern Plaza 780-820 Central St 82,505 SF 34% Leased Retail Building Millinocket, ME 04462 $939,000 ($11.38/SF)

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INVESTMENT HIGHLIGHTS

  • Shopping Center Investment
  • Easy Access on High Traffic Thoroughfare.
  • Prime High Visibility Location

EXECUTIVE SUMMARY

Northern Plaza presents a rare and highly visible redevelopment opportunity in the heart of Millinocket's primary commercial district. Anchored by Tractor Supply, the property benefits from consistent customer traffic and strong visibility along the town's main retail corridor. Set against the scenic backdrop of Mt. Katahdin and located near the entrance to Baxter State Park, the area attracts both year-round residents and seasonal visitors, offering significant potential for mixed-use or residential redevelopment. The property sits in the center of a well-established retail trade area surrounded by a strong mix of national and regional tenants including McDonald's, Dunkin' Donuts, Family Dollar, Advance Auto, Dollar General, Subway, and Hannaford Grocery Store. Nearby lodging options such as Katahdin Inn & Suites support steady tourism activity, while essential local infrastructure—including Millinocket Regional Hospital and Millinocket Airport—are located just minutes away. Given its location, size, and surrounding amenities, Northern Plaza is ideally positioned for redevelopment into a modern multi-level residential complex, retail plaza expansion, or a combination of both. The area's growing interest in outdoor recreation and proximity to major natural attractions make it an appealing destination for investors seeking to capitalize on Millinocket's revitalization and long-term growth potential.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $28,756 $0.35
Operating Expenses - -
Total Expenses $28,756 $0.35

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $28,756
Annual Per SF $0.35
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $28,756
Annual Per SF $0.35

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Short Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
82,505 SF
Building Class
C
Year Built
1970
Price
$939,000
Price Per SF
$11.38
Percent Leased
34%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.26 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
280 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
550’ on Central St

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Northern Plaza
  • Real Estate
  • -
  • -
  • -
  • Penobscot Adventures Ii, Llc
  • Public Administration
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

Since 1938, Tractor Supply Company has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S. The company's Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Northern Plaza Real Estate - - -
Penobscot Adventures Ii, Llc Public Administration - - -
Retailer - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 8,000 SF
  • Retail
  • In-Line
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 5,400 SF
  • Office
  • -
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 27,000 SF
  • Office
  • -
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 14,000 SF
  • Retail
  • In-Line
  • Now

Retail space for lease at Northern Plaza.

Space Size Space Use Position Available
1st Floor 8,000 SF Retail In-Line Now
1st Floor 5,400 SF Office - Now
1st Floor 27,000 SF Office - Now
1st Floor 14,000 SF Retail In-Line Now

1st Floor

Size
8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
5,400 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size
27,000 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size
14,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 8,000 SF
Space Use Retail
Position In-Line
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 5,400 SF
Space Use Office
Position -
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 27,000 SF
Space Use Office
Position -
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 14,000 SF
Space Use Retail
Position In-Line
Available Now

Retail space for lease at Northern Plaza.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MLNK-000010-000000-000092U
Land Assessment
$188,900
Improvements Assessment
$853,000
Total Assessment
$1,041,900
Annual Taxes
$28,756 ($0.35/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 38099824

  • Date on Market: 10/16/2025

  • Last Updated:

  • Address: 780-820 Central St, Millinocket, ME 04462

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