Courtesy: ERA Dawson-Bradford Co.
207-947-6788
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.
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.
