Cash Price: $109,000
Market Value: $149,000
Savings of 27%
***SELLER FINANCING AVAILABLE*** See footnotes at bottom

This fantastic piece of land spans an impressive 45 acres in the beautiful PENOBSCOT - ME 04476 area. It is zoned General Development (Light Commercial-Residential), allowing up to 25 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: 45 Acres

Parcel Area: 1,960,200 sq. ft.

Zoning: General Development (Light Commercial-Residential)

# of Dwellings Allowed to be Built: 25 dwellings allowed

Flood Zone: None

Electric: At street

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: 44.496867, -68.67681

RV Parking / Living Allowed: To be verified by buyer

Mobile Homes Allowed: Yes

Farming Allowed: Yes

Livestock Allowed: Yes

Annual Taxes: $661 (2022)

HOA Fees / Name of HOA: N/A

Elevation: 275.3 feet

Elementary School: Penobscot Elementary School

Middle School: Bucksport Middle School

High School: George Stevens Academy

Buyers Agent Commission Offered: 3%

Title Provided: Warranty Deed w/ Title Insurance


Optional Seller Financing with a down payment of $50,000. No credit check. Property sold at retail market value $149,000, if seller-financed. Payments start as low as $726 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.