158 Penobscot Ave - Freestanding FOR SALE


Millinocket, ME 04462
$249,900 USD
207-947-6788
158 Penobscot Ave, Millinocket, ME for Sale
$249,900 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

158 Penobscot Ave
Millinocket, ME 04462


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$249,900 USD

PRICE/SF

$163 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Commercial

APN/PARCEL ID

MLNK-000005-000000-000239U

ASK ABOUT THIS PROPERTY

Jessie KelleyERA Dawson-Bradford Co., REALTORSMore Info
207-947-6788

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Jessie KelleyERA Dawson-Bradford Co., REALTORSMore Info
207-947-6788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.