About this home
Exceptional Business Opportunity in Medway, Maine Don't miss the chance to own a prime piece of commercial real estate in Medway, strategically located at the bustling intersection of Route 157 and Rt. 11. This versatile property has a rich history of hosting various businesses and is now available for your unique vision. Situated just half a mile from Exit 244, this property benefits from high visibility and easy access for both locals and travelers. With Bangor only 45 minutes away and the Canadian border just an hour north, the location is ideal for attracting traffic from various demographics. The property is equipped with essential utilities, including power at the pole and a drilled well, providing a solid foundation for your business operations. Additionally, a gravel pad is already in place ready for development and septic designs are available for a large or a small system. A previous portable business currently occupies the site but will be removed, allowing you to create your own space without the need for extensive groundwork. Medway is renowned as ''The Gateway to Baxter State Park'' making this location a prime spot for businesses catering to outdoor enthusiasts. With recreational trails running adjacent to the property and close by, your business can tap into the thriving tourism market that seeks adventure and natural beauty. Whether you envision a retail store, restaurant, outdoor adventure shop, or service oriented business, this property offers the flexibility to cater to a wide range of industries. The surrounding area is ripe for growth, offering a supportive community excited for new businesses. This is more than just a piece of land it's an opportunity to create a lasting business within a region known for its beauty and outdoor activities. Seize the opportunity to make the property your perfect location for your next venture.
Listing last checked: Listing updated:
Listed by Listing Agent · United Country Lifestyle Properties of Maine · MLS #1647694
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Details at a glance
Building1 property facts
- Style
- Other
Land & utilities4 property facts
- Lot size
- 1.46 acres
- Water
- Private, Well
- Sewer
- None
- Zoning
- Commercial
Financial2 property facts
- Annual taxes
- $1,007
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $124,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$715 / monthAdjust
- Principal & interest
- $632
- Property tax
- $84
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,007. 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 5 Grindstone Road
Can I request a private showing?
Request a tour of 5 Grindstone Road and a Bean Group agent will help coordinate an available time with the listing side.
Can you help me evaluate this property?
Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
Are property documents available?
Availability varies by property and source. Request the documents you need and we will help obtain what is available.

