114 Penobscot Ave, Millinocket, ME 04462

This 11,252 SF MIXED USE property has endless possibilities! Located on the "Main" street of Millinocket on the nicest commercial block in downtown. The 5,863 residential SF can be owner occupied or would make an exceptional 4-bedroom, 3 full bath, high-end Airbnb/VRBO. The 5,789 commercial SF is currently used as retail space and a bakery. Storage space is plentiful and included in the SF listed above; Residential storage- 1,456 above 4 bay garage/Commercial storage- 2,682 throughout the area, including a basement and overhead storage over the kitchen. ABOUT THE PROPERTY: This piece of real estate is more than unique- there is nothing like it in the Region. The total restoration of this family-owned property was a labor of love- beginning in 1985 thru 1990. It continues to be extremely well cared for and kept in tip-top condition. The present owner took the property down to the studs and created an amazing family home and commercial spaces using the highest quality materials and design. The Townhouse includes 3 addresses- 116, 114 and 112 Penobscot Avenue- each having their own entrance onto the street. There are endless possibilities for this property! As stated above it currently has, and has had, several commercial operations on the first floor- including a wine/gourmet shop and a cozy café/restaurant which would be simple to convert back. Both commercial spaces have gorgeous working fireplaces. There is a huge kitchen, a walk -in cooler, 3 restrooms (one in the basement) and plenty of storage on this first level. There is also a very large room behind the kitchen for multiple uses and a newly constructed wood-fired sauna for at least six to eight people. There is dedicated off-street parking for six vehicles-this is important during Winter plowing and limited parking on Main Street (Penobscot Avenue). No expense was spared in renovating the residential space on the 2nd and 3rd Floors. The attention to detail is impressive and elegant. The second floor has a formal living room with fireplace, formal dining room, family room, office and a beautiful new kitchen. This floor also includes one full bath and a screened porch off the family room. There are wood floors in all but the family room, which is carpeted. The third floor has four bedrooms and two full baths. The master bath has a large Jacuzzi and an outside sun deck above the screen porch and plentiful closets throughout. Behind the townhouse, there is a four-bay garage with full walk-up second floor (currently used for storage) and is connected to the back of the residential area. The design of the property would lend itself well to converting the residential area to an Airbnb/VRBO or bed and breakfast, given the separate, private entrance to Penobscot Avenue. There are new Fujitsu and Mitsubishi HVAC Systems added in both the residential and commercial spaces for economy and efficiency of heating and cooling. New Steel roof on entire building, warrantied for 50 years!