Downtown Orono development opportunity
Special Purpose
for Sale
| Catylist Listing ID: |
30841967 |
| Property Subtypes: |
Assembly/Meeting Place
|
| Building Size (RSF): |
14,155 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,000,000 |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/5/2024 |
Overview / Comments
|
Prime downtown Orono development opportunity. Package includes three properties; 89,91, and 93 Main Street. Restored former Catholic Church currently being operated as an event center and two multi-family residential properties totaling 5 units. All properties are in excellent condition. The apartments are fully rented and significant capital improvements have been made to the church. There is substantial parking for tenants and parking enough to support any number of uses for the church property.
|
Additional Details
| Nearest MSA: |
Bangor |
| County: |
Penobscot |
| Tax ID/APN: |
027-002-159 |
| Zoning: |
GENERAL BUSINESS/ MULTI-FAMILY |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,948 |
13,003 |
28,634 |
| Median Age: |
50.54 |
30.58 |
34.78 |
| Households: |
809 |
3,968 |
10,613 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither New England Commercial Property Exchange nor
Moody's assume any liability for errors or omissions.
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