Property Title: 0 N. Penobscot Rd Penobscot, ME 04476 #1
Property ID Code: ME_1604_HANC
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Purchase Agreement Request Form
Property ID Code: ME_1604_HANC
Cash Price: $119,000
Market Value: $179,000
Savings of 34%
Property ID Code: ME_1604_HANC
Cash Price: $119,000
Market Value: $179,000
Savings of 34%
Property ID Code: ME_1604_HANC
Cash Price: $ 119,000
Market Value: $ 179,000
Savings of 34 %
Zoning
Property Description:
Cash Price: $119,000
Market Value: $179,842
Savings of 34%
***SELLER FINANCING AVAILABLE*** See footnotes at bottom
This fantastic piece of land spans an impressive 30 acres in the beautiful PENOBSCOT – ME 04476 area. It is zoned General Development (Light Commercial-Residential), allowing up to 22 dwellings, mixed use, light commercial, and more! With the added bonus of approved light commercial and residential use, this property offers a versatile investment opportunity.
Convenient access is guaranteed with an existing access road. Moreover, the property welcomes RV Parking and mobile homes, allowing for flexible living arrangements. If you have dreams of embracing an agricultural lifestyle, you will be pleased to know that farming and raising livestock are permissible activities.
This land comes with both surface and mineral rights, meaning you have full control over its resources. Furthermore, timber rights are also available, providing a potential income source. The absence of a flood zone designation ensures your property’s safety. Utilities are readily accessible, with electricity already available.
Opportunities like this don’t come around often, so seize the moment and make this exceptional piece of land your own. Whether you envision building a home, a residential development, starting a business, or pursuing a farming venture, this property is ready to fulfill your dreams.
Site Address: PENOBSCOT – ME 04476
County / State: Hancock, ME
Parcel Number: Pnbs M:13 L:03
Parcel Size: 30 Acres
Parcel Area: 1,306,800 sq. ft.
Zoning: General Development (Light Commercial-Residential)
# of Dwellings Allowed to be Built: 22 dwellings allowed
Flood Zone: None
Electric: Yes, contact Versant Power (207) 973-2000
Water: Well needed
Sewer: Septic needed
Survey/Plat Map: No
Percolation Test: No
Property Access: Paved road
Legal Description: N/A
Subdivision: N/A
Center GPS Coordinates: 44.471305, -68.70722
RV Parking / Living Allowed: To be verified by buyer
Mobile Homes Allowed: Yes
Farming Allowed: Yes
Livestock Allowed: Yes
Annual Taxes: $201.68 (2023)
HOA Fees / Name of HOA: N/A
Elevation: 61.7 feet
Elementary School: Penobscot Elementary School
Middle School: Bucksport Middle School
High School: Ellsworth High School
Buyers Agent Commission Offered: 3%
Title Provided: Warranty Deed w/ Title Insurance
Optional Seller Financing with a down payment of $28,000. No credit check. Property sold at retail market value $179,000, if seller-financed. Payments start as low as $1,108 for 360 months. Other payment options are available. No pre-payment penalty. Notes are held at 8% annual interest. Seller financing options require a $9.95/mo. note service fee. A one-time $299 document fee applies to all cash and financing sales.
List of Area Amenities and Attractions:
Here’s a general list of major indoor and outdoor amenities and attractions within a 30-mile radius of Penobscot, ME:
Keep in mind that the availability of amenities may change, and it’s advisable to check with local sources for the most accurate and up-to-date information.
Keep in mind that the availability of amenities may change, and it’s advisable to check with local sources for the most accurate and up-to-date information.
Indoor and outdoor amenities within 30 miles of Penobscot, ME may include:
Outdoor Recreation:
Penobscot Bay
Holbrook Island Sanctuary State Park
Walker Pond
Fishing:
Penobscot River
Alamoosook Lake
Toddy Pond
Hunting:
Check with local authorities for hunting regulations and areas.
Colleges:
University of Maine in Orono (approximately 30 miles away)
Parks and Nature Reserves:
Great Pond Mountain Wildlands
Blue Hill Heritage Trust
Museums and Cultural Attractions:
Blue Hill Historical Society
Penobscot Marine Museum in Searsport
Restaurants and Shops in Penobscot and Nearby Towns:
Explore local dining and shopping options in Penobscot and surrounding areas.
Remember to verify the current status and accessibility of these amenities, as well as any specific regulations or restrictions related to outdoor activities. Local tourism offices or community centers may also provide valuable information about attractions and events in the area.
Seller Financing (Optional):
*Selling financing is optional. It’s only available with full asking price offer (full retail market price, not discounted cash price). Full down-payment required to close on property. No credit check. No pre-payment penalty. Estimated payments based on a 360 month term. Other payment options are available with different term lengths. Enter the desired term length in the purchase agreement request above when submitting. Notes are held at 8% annual interest. Seller financing options require a $9.95/month note service fee. A one-time $299 document fee applies to all cash/financing sales.
Directions:
Coming from the major road in Acadia Hwy (Orlando, ME), start by heading southeast on US-1 N towards Meadow Brook Ln. After a short drive, take a right onto ME-15 S. Continue along this route for approximately 3.7 miles until you reach ME-199 S, where you will make another right turn. Follow ME-199 S for approximately 4.5 miles, and you will arrive at your destination.
Here is the Google maps pin for directions to this property.