Milford, ME 04461 - Penobscot County

MAJOR PRICE REDUCTION FROM $450K to $390K! This is a wonderful investment opportunity to own large diverse acreage close to Orono, University of Maine, Old Town and Bangor. This 300+/- acre lot has approximately 835 of frontage on Call Road which is a town-maintained paved road with electric poles. With approximately 1.4 miles of an internal road system, internal access is easy and invaluable. There was a 14-lot subdivision plan prepared located off the road called Cobblestone Lane back in 2007. There is the potential to revisit this plan and resurrect it for development. While close to amenities in Old Town, Orono, Bangor and Brewer, the property feels remote and like miles away when one is walking the interior of this intriguing lot.

The lot is comprised mostly of young hardwood stands with softwood understory. There was evidence of ample wildlife during the realtors inspection of the property. The 31+/- acre wetland has a great deal of ecological importance.

For outdoor enthusiasts wanting more acreage and waterways to explore, the property is close to Sunkhaze Meadows National Wildlife Refuge (SMNWR) which has over 11,000 acres of conserved land and outdoor recreation including hiking, fishing, and hunting. The Penobscot River, known for the bass population, is also nearby for boating and fishing opportunities.

The property has possible options for a solar farm. The location relative to the Milford power station ( mile as the crow flies) is and will be enticing. There really is nothing like it in the surrounding area. The entire parcel is enrolled in Maines Tree Growth Tax Law program resulting in lower tax burden. Taxes for 2023-24 were only $743.00.

NOTE: The direction icon on the website has coordinates to bring you right to the property.