Courtesy: ERA Dawson-Bradford Co.
207-947-6788
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.
Orono is located in Maine. Orono, Maine has a population of 11,481. Orono is less family-centric than the surrounding county with 21.47% of the households containing married families with children. The county average for households married with children is 26.71%.
The median household income in Orono, Maine is $51,233. The median household income for the surrounding county is $55,125 compared to the national median of $69,021. The median age of people living in Orono is 22.5 years.
The average high temperature in July is 79.7 degrees, with an average low temperature in January of 7 degrees. The average rainfall is approximately 42.4 inches per year, with 69.1 inches of snow per year.
