About this home
Excellent commercial opportunity in a highly visible location just off Interstate 95 on a main route through Medway, Maine, and a gateway to Baxter State Park and the North Maine Woods. This 1.4-acre property has a proven history as a successful restaurant, with a spacious first-floor commercial area that could continue as a restaurant or be adapted for a variety of other business uses. The second floor features two separate one-bedroom apartments, providing additional rental income or potential owner/employee housing. The property offers multiple parking spaces and convenient access for customers, making it well suited for a variety of commercial ventures. Recreational opportunities add another appealing aspect to the location, with direct snowmobile and ATV access and a recreational area directly across the street featuring a boat launch onto the Penobscot River. With its proximity to I-95, strong recreational traffic, established commercial use, residential rental potential, and flexible layout, this property offers an excellent opportunity for an owner-user, investor, or entrepreneur looking to establish or expand a business in the region.
Listing last checked: Listing updated:
Listed by Listing Agent · North Woods Real Estate, LLC · MLS #1683916
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Details at a glance
Interior3 property facts
- Heating
- Electric, Baseboard, Heat Pump, Other
- Cooling
- Other
- Flooring
- Tile, Wood
Building4 property facts
- Style
- Mixed Use
- Year built
- 1970
- Foundation
- Poured Concrete
- Roof
- Metal
Land & utilities4 property facts
- Lot size
- 1.4 acres
- Water
- Private, Well
- Sewer
- Private Sewer, Septic Tank
- Zoning
- Commercial
Financial2 property facts
- Annual taxes
- $4,620
- Assessment year
- 2023
Location
Estimated monthly cost
Explore costs at the $590,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$3,368 / monthAdjust
- Principal & interest
- $2,983
- Property tax
- $385
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $4,620. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 2074 Medway Road
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