www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28726951

158 Penobscot Ave, Millinocket, ME 04462 For Sale

AN
ME BA913571
ERA Dawson-Bradford Co., Realtors
BB
ME BA913570
ERA Dawson-Bradford Co., Realtors
Listed by ERA Dawson-Bradford Co., Realtors
$249,900
226 days on market
Updated 33 days ago
Opportunity zone

158 Penobscot Ave

Details
APN MLNK-000005-000000-000239U
Property Type Retail, Office
Sub Type Executive Office, General Commercial
Square Footage 1,533
Year Built 1925
Year Renovated 2015
Acreage 0.050
Zoning R4
Investment Type Owner/User

Retail | 1,533 SqFt

Marketing description

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.

Investment highlights

  • Utilities: Utilities On: No
  • Parking: Off Street; Other Parking
  • Location: Business District; Near Shopping
  • Electric: Circuit Breakers
  • Gas: No Gas
  • Basement: Slab
  • Construction: Masonry
  • Foundation Materials: Poured Concrete; Slab
  • Exterior: Block
  • Roof: Flat
  • Heat System: Baseboard; Heat Pump
  • Heat Fuel: Electric Water: Public
  • Sewer: Public Sewer

Listing Contacts

AN
ME BA913571
ERA Dawson-Bradford Co., Realtors
BB
ME BA913570
ERA Dawson-Bradford Co., Realtors
Listed by ERA Dawson-Bradford Co., Realtors

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Andy Nadeau
License
BA913571
Brokerage
ERA Dawson Bradford REALTORS, Co.
Title
Associate Broker
Brokerage Address
417 Main Street
Name
Bruce Bragdon
License
BA913570
Brokerage
ERA Dawson Bradford
Title
Associate Broker
Brokerage Address
417 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591