Mixed-Use Land for Sale in Medway, Maine
Old Farm Rd, Medway, ME 04460
5.2-acre waterfront parcel in Medway with +/- 400' of frontage on the West Branch of the Penobscot River. Located on a quiet dead-end road just 5 minutes from I-95 and a short drive to Millinocket, with Baxter State Park and Mount Katahdin nearby. Flexible residential/commercial zoning offers endless potential for a private retreat, investment property, or commercial venture. State-approved for up to 4 mobile home sites. Two existing tenant-owned homes on a month-to-month lot lease generating monthly income, with option to continue, expand, or remove and redevelop the site. Prime location for outdoor recreation including fishing, hunting, boating, hiking, and snowmobiling. A rare opportunity to own versatile waterfront land in a high-demand recreational area at the gateway to the North Maine Woods.
Location
- Street address
- Old Farm Rd, Lot 19B
- County
- Penobscot County
- Elevation
- 300 feet
Property details
- Acreage
- 5.2 acres
- Zoning
- Res. & Commercial
- MLS #
- MREIS 1658858
- Posted
Property taxes
- 2025
- $796
Details and features
Listing
- Type
- Land
- Franchise
- ERA Real Estate
Lot
- Waterfront
- Stream
- Features
- Near Golf Course, Near Town, Near Turnpike/ Interstate, Neighborhood, Open, Rolling/ Sloping, Rural, Wooded
Structure
- Water
- Private, Well
- Sewer
- Private Sewer
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Apr 22, 2026 | New listing | $159,900 | — | MREIS |