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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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5 Grindstone Rd , Medway, ME 04460
$124,900
Est. Payment: $644.43/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 205
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Exceptional Business Opportunity in Medway, Maine Don't miss the chance to own a prime piece of commercial real estate in Medway, strategically located at the bustling intersection of Route 157 and Rt. 11. This versatile property has a rich history of hosting various businesses and is now available for your unique vision. Situated just half a mile from Exit 244, this property benefits from high visibility and easy access for both locals and travelers. With Bangor only 45 minutes away and the Canadian border just an hour north, the location is ideal for attracting traffic from various demographics. The property is equipped with essential utilities, including power at the pole and a drilled well, providing a solid foundation for your business operations. Additionally, a gravel pad is already in place ready for development and septic designs are available for a large or a small system. A previous portable business currently occupies the site but will be removed, allowing you to create your own space without the need for extensive groundwork. Medway is renowned as ''The Gateway to Baxter State Park'' making this location a prime spot for businesses catering to outdoor enthusiasts. With recreational trails running adjacent to the property and close by, your business can tap into the thriving tourism market that seeks adventure and natural beauty. Whether you envision a retail store, restaurant, outdoor adventure shop, or service oriented business, this property offers the flexibility to cater to a wide range of industries. The surrounding area is ripe for growth, offering a supportive community excited for new businesses. This is more than just a piece of land it's an opportunity to create a lasting business within a region known for its beauty and outdoor activities. Seize the opportunity to make the property your perfect location for your next venture.

Highlights

Listed by Lena Fiske , 207-794-6164 United Country Lifestyle Properties of Maine , 207-794-6164. Maine Real Estate Information System, Inc. mls logo

Property Type

Vacant Land

Lot/Acreage
1.46

County

Penobscot

Listing ID

1647694

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Other:Private,Well

Exterior Features

Lot:Intown,Near Public Beach,Near Turnpike/Interstate,Rural,Corner Lot,Level,Open Lot,Rolling Slope,Wooded
Zoning:Commercial
Others:Nearby,Public,River/Brook/Stream
Sewer:None,Septic Design Available
Parking Features:Gravel,Paved,5 - 10 Spaces,On Site,Off Street
Principal Interest
$644
Taxes
$84

Home Price

$124,900

Loan Details

30 yrs
6.695%

Down Payment

20%
$24,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$644.43

Principal

Taxes

Principal Taxes HOA Total
Monthly $644.43 $83.89 $0.00 $728.32
Yearly $7,733.16 $1,006.72 $0.00 $8,739.88
Total $231,994.94 $30,201.60 $0.00 $262,196.54

Today's Rates

30 Year

6.7%

20 Year

6.21%

15 Year

6.15%

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Market insight data is pulled from the same city as the listing being viewed (Medway, ME).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Listing data is derived in whole or in part from the Maine IDX & is for consumers personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.


IDX service by Blueroof 360

Data last updated: 2026-08-02T07:29:11.000Z

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