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117 Mill St

Orono ME 04473

2
1
4560 sq. ft.
10890 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

ORONO, Maine — PRICE REDUCED! Multi-Use Investment Opportunity Take advantage of a versatile investment opportunity in a convenient Orono location. 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. Easy to show—come see the many possibilities.

Features

2 bathrooms
1 carspace
1 garage space
4560 sq. ft. floor area
10890 sq. ft. lot size
Multi-Family

Property history for 117 Mill St

2018
Sold
$175,000
17 May 2018 by Chez Renee Team

Happy sellers in Orono

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We have insufficient information to provide an overview of customer satisfaction for Orono. Viewing the agent profiles, reviews and sales for Orono can provide insights for this location.

Local market activity for multi families in Orono

In the last 12 months, 1 multi family similar to 117 Mill St, have been sold.

This represents a 67% increase in multi families sales when compared to the previous 12 months.

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