About this home
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.
Listing last checked: Listing updated:
Listed by Listing Agent · ERA Dawson-Bradford Co. · MLS #1644421
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Details at a glance
Interior3 property facts
- Heating
- Electric, Baseboard, Heat Pump
- Cooling
- Heat Pump, Other
- Flooring
- Ceramic Tile, Tile
Building4 property facts
- Style
- General Commercial
- Year built
- 1925
- Foundation
- Slab
- Roof
- Flat
Land & utilities4 property facts
- Lot size
- 0.05 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- R4
Financial2 property facts
- Annual taxes
- $1,185
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $249,900 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,362 / monthAdjust
- Principal & interest
- $1,264
- Property tax
- $99
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $1,185. 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 158 Penobscot Avenue
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