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Ed Gardner

ed@gardnerregroup.com +1(207) 415-4493

Listed by Adrian Nadeau ERA Dawson-Bradford Co.

$ 549,900

Est. payment -/mo

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Active

117 Mill ST Orono, ME 04473

2 Baths

4,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $120

MLS Listing ID 1669977

Full Baths 2

HOA Y/N No

Year Built 1910

Tax Year 2025

Lot Size 10,890 Sqft

Acres 0.25

Source Maine Listings

Land Area 4560

Property Description

ORONO, Maine Multi-Use Investment Opportunity - Offered Below Tax Value! Take advantage of a versatile investment opportunity in a convenient Orono location, now offered below its $565,100 tax value. Situated on Mill Street, this vacant three-story property offers a rare combination of flexibility, visibility, and potential for an investor, owner-occupant, or developer. The building's vacant status provides the freedom to move forward with your own plans—whether updating, leasing, occupying, or repositioning the property to meet current market demand. With potential for a variety of residential, office, and commercial uses, subject to local approvals, the possibilities are wide open. Recent improvements, including updated heating systems and a reinforced foundation, add to the property's long-term appeal. Residential units feature in-unit washer and dryer connections, while one unit is being offered furnished, creating additional flexibility for either short- or long-term rental opportunities. The property also includes a garage and ample on-site parking, providing convenience for tenants, customers, or a variety of mixed-use configurations. Public transportation access and the Mill Street location further enhance accessibility. Located close to downtown Orono, the property is convenient to local restaurants, shops, services, and recreation. The nearby University of Maine adds another layer of appeal and potential demand for both residential and commercial space. Whether you are looking to expand your investment portfolio, establish your own business location, or explore a redevelopment opportunity, this multi-use property offers flexibility and potential in one of the area's most desirable communities. Offered below tax value, this is an opportunity worth exploring. Easy to show—come see the many possibilities.

Location

State ME

County Penobscot

Zoning HDR

Direction Main Street Orono to right on Mill Street. Past restaurants after Beech Street on the right.

Rooms

Other Rooms Outbuilding

Basement Interior Entry, Full, Unfinished

Interior

Heating Gas Bottled, Baseboard, Hot Water, Zoned

Cooling None

Flooring Carpet, Vinyl

Furnishings Partially

Fireplace No

Exterior

Parking Features Paved, 5 - 10 Spaces, On Site, Detached

Garage Spaces 1.0

Waterfront Description Nearby

Roof Type Membrane

Garage Yes

Building

Lot Description Near Shopping, Suburban, Level, Open Lot, Sidewalks

Story 3

Entry Level Multi-Level

Foundation Stone, Poured Concrete

Water Public

Architectural Style Other

Level or Stories 3

Others

Tax ID ORON-027012-000000-000043

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+1(207) 427-3637

admin@gardnerregroup.com

511 Congress St. STE 101, Portland, ME 04101

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