48 School House RoadOrland, ME 04472Price: $350,000

This 1975 4-unit apartment building offers a unique development opportunity in historic Orland village, a hub location within commuting distance of Castine, Bangor, Ellsworth and Belfast. Shopping, services and public marina are all in Bucksport, just 10 minutes away. Sellers recently inherited this property, vacated all units, and did a total renovation of two one bed units which are now ready for occupancy. The section of the building which previously housed two other one-bedroom apartments has been left unfinished to give buyer the option of restoring apartments or converting to office, commercial or retail use. The corner location, high visibility, increasing ADT (720 cars/day in 2023) and proximity of public sewer combine to make this an extraordinary development / investment opportunity. Orland is known for its small town charm, numerous lakes and ponds, a trust-managed 6,000 acre conservation park with miles of hiking trails, and, recently, the opening of the new community center (aka Orland Mall) with an indoor fitness center, dog park, recreation fields and numerous shops and small businesses located just up the street from 48 School House.