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Listed by George MacLeod Maine Real Estate Brokerage
$ 350,000
Est. payment /mo
Active
48 School House RD Orland, ME 04472
2 Baths
1,150 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $304
MLS Listing ID 1658872
Style Townhouse
Full Baths 2
HOA Y/N No
Year Built 1975
Tax Year 2025
Lot Size 0.770 Acres
Acres 0.77
Source Maine Listings
Land Area 1150
Property Description
This 1975 4-unit apartment building offers a unique development opportunity in historic Orland village, a hub location within commuting distance of Castine, Bangor, Ellsworth and Belfast. Shopping, services and public marina are all in Bucksport, just 10 minutes away.
Sellers recently inherited this property, vacated all units, and did a total renovation of two one bed units which are now ready for occupancy. The section of the building which previously housed two other one-bedroom apartments has been left unfinished to give buyer the option of restoring apartments or converting to office, commercial or retail use. The corner location, high visibility, increasing ADT (720 cars/day in 2023) and proximity of public sewer combine to make this an extraordinary development / investment opportunity. Orland is known for its small town charm, numerous lakes and ponds, a trust-managed 6,000 acre conservation park with miles of hiking trails, and, recently, the opening of the new community center (aka Orland Mall) with an indoor fitness center, dog park, recreation fields and numerous shops and small businesses located just up the street from 48 School House.
Sellers recently inherited this property, vacated all units, and did a total renovation of two one bed units which are now ready for occupancy. The section of the building which previously housed two other one-bedroom apartments has been left unfinished to give buyer the option of restoring apartments or converting to office, commercial or retail use. The corner location, high visibility, increasing ADT (720 cars/day in 2023) and proximity of public sewer combine to make this an extraordinary development / investment opportunity. Orland is known for its small town charm, numerous lakes and ponds, a trust-managed 6,000 acre conservation park with miles of hiking trails, and, recently, the opening of the new community center (aka Orland Mall) with an indoor fitness center, dog park, recreation fields and numerous shops and small businesses located just up the street from 48 School House.
Location
State ME
County Hancock
Rooms
Basement Exterior Entry
Interior
Heating Heat Pump
Cooling Heat Pump, Wall Unit(s)
Flooring Carpet, Other, Linoleum
Window Features Double Pane Windows
Exterior
Roof Type Metal,Pitched
Accessibility 32 - 36 Inch Doors
Garage No
Building
Entry Level Multi-Level
Water Private, Well
Architectural Style Contemporary, Ranch, Split Level
Schools
School District Rsu 25
Others
Tax ID ORLA-000022-000000-000007-ON000000
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