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Jeffrey Jolicoeur

jjolicoeur@surette-realestate.com +1(207) 649-6893

Listed by Adrian Nadeau ERA Dawson-Bradford Co.

$ 599,900

Est. payment -/mo

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Active

117 Mill ST Orono, ME 04473

2 Baths

9,120 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,120 sqft

Price per Sqft $65

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 9120

Property Description

Orono, Maine Multi-Use Investment Opportunity | Mill Street, Orono Well-positioned multi-use property offering strong investment potential in a highly accessible Orono location. This vacant three-story building provides flexibility for an owner-investor or operator to establish lease structures, rental rates, and tenant mix based on current market conditions and permitted uses. The property supports a variety of potential configurations, including residential, office, and commercial applications (subject to local approvals). Its vacant condition allows for immediate updates, leasing, or occupancy without existing tenancy constraints, offering a streamlined path for repositioning or redevelopment. Recent improvements include updated heating systems and a reinforced foundation, supporting long-term stability and operational efficiency. Residential units are equipped with in-unit washer and dryer connections, and one unit is offered furnished, providing added flexibility for short- or long-term rental strategies. Located on Mill Street with strong visibility, the property includes a garage on site and ample on-site parking to accommodate tenants, customers, or mixed-use configurations. Public transportation access further enhances convenience and connectivity. The location offers close proximity to downtown Orono amenities, including dining, retail, services, and recreation. The nearby University of Maine supports steady demand drivers for both residential and commercial space, while regional transportation access enhances overall accessibility. This property presents a versatile opportunity for investors, owner-users, or developers seeking a flexible asset with repositioning potential in a strong market environment. Schedule a private showing to explore the possibilities this property offers.

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

Virtual Tour https://my.matterport.com/show/?m=FKG7g94t3Ny

Jeffrey Jolicoeur

Team Leader, Broker | BR916783

+1(207) 649-6893

Jeffrey Jolicoeur

117 Mill ST Orono, ME 04473

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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117 Mill ST