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Northern Plaza 780-820 Central St 82,505 SF 34% Leased Retail Building Millinocket, ME 04462 $1,310,769 CAD ($15.89 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Shopping Center Investment
  • Easy Access on High Traffic Thoroughfare.
  • Prime High Visibility Location

EXECUTIVE SUMMARY

Northern Plaza presents a rare and highly visible redevelopment opportunity in the heart of Millinocket's primary commercial district. Anchored by Tractor Supply, the property benefits from consistent customer traffic and strong visibility along the town's main retail corridor. Set against the scenic backdrop of Mt. Katahdin and located near the entrance to Baxter State Park, the area attracts both year-round residents and seasonal visitors, offering significant potential for mixed-use or residential redevelopment. The property sits in the center of a well-established retail trade area surrounded by a strong mix of national and regional tenants including McDonald's, Dunkin' Donuts, Family Dollar, Advance Auto, Dollar General, Subway, and Hannaford Grocery Store. Nearby lodging options such as Katahdin Inn & Suites support steady tourism activity, while essential local infrastructure—including Millinocket Regional Hospital and Millinocket Airport—are located just minutes away. Given its location, size, and surrounding amenities, Northern Plaza is ideally positioned for redevelopment into a modern multi-level residential complex, retail plaza expansion, or a combination of both. The area's growing interest in outdoor recreation and proximity to major natural attractions make it an appealing destination for investors seeking to capitalize on Millinocket's revitalization and long-term growth potential.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes $40,141 $0.49
Operating Expenses - -
Total Expenses $40,141 $0.49

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes (CAD)
Annual $40,141
Annual Per SF $0.49
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $40,141
Annual Per SF $0.49

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Short Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
82,505 SF
Building Class
C
Year Built
1970
Price
$1,310,769 CAD
Price Per SF
$15.89 CAD
Percent Leased
34%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
7.26 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
280 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
550’ on Central St

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Northern Plaza
  • Real Estate
  • -
  • -
  • -
  • Penobscot Adventures Ii, Llc
  • Public Administration
  • -
  • -
  • -
  • Retailer
  • -
  • -
  • -

Depuis 1938, Tractor Supply Company se passionne pour répondre aux besoins des agriculteurs récréatifs, des éleveurs, des propriétaires, des jardiniers, des amateurs d'animaux de compagnie et de tous ceux qui aiment vivre ici. Tractor Supply est le plus grand détaillant de mode de vie rural aux États-Unis. Les membres de l'équipe de l'entreprise sont connus pour offrir un service légendaire et aider les clients à poursuivre leurs passions, qu'il s'agisse d'être plus près de la terre, de prendre soin des animaux ou de vivre un style de vie pratique et bricolé. En magasin et en ligne, Tractor Supply fournit aux clients ce dont ils ont besoin — à tout moment, n'importe où et de la manière qu'ils choisissent, aux prix bas qu'ils méritent.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Northern Plaza Real Estate - - -
Penobscot Adventures Ii, Llc Public Administration - - -
Retailer - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 8,000 SF
  • Retail
  • In-Line
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 5,400 SF
  • Office
  • -
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 27,000 SF
  • Office
  • -
  • Now

Retail space for lease at Northern Plaza.

  • 1st Floor
  • 14,000 SF
  • Retail
  • In-Line
  • Now

Retail space for lease at Northern Plaza.

Space Size Space Use Position Available
1st Floor 8,000 SF Retail In-Line Now
1st Floor 5,400 SF Office - Now
1st Floor 27,000 SF Office - Now
1st Floor 14,000 SF Retail In-Line Now

1st Floor

Size
8,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size
5,400 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size
27,000 SF
Space Use
Office
Position
-
Available
Now

1st Floor

Size
14,000 SF
Space Use
Retail
Position
In-Line
Available
Now

1st Floor

Size 8,000 SF
Space Use Retail
Position In-Line
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 5,400 SF
Space Use Office
Position -
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 27,000 SF
Space Use Office
Position -
Available Now

Retail space for lease at Northern Plaza.

1st Floor

Size 14,000 SF
Space Use Retail
Position In-Line
Available Now

Retail space for lease at Northern Plaza.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
MLNK-000010-000000-000092U
Land Assessment
$266,181 CAD
Improvements Assessment
$1,201,971 CAD
Total Assessment
$1,468,152 CAD
Annual Taxes
$40,141 CAD ($0.49 CAD/SF)
Tax Year
2024 Payable 2024
  • Listing ID: 38099824

  • Date on Market: 2025-10-16

  • Last Updated:

  • Address: 780-820 Central St, Millinocket, ME 04462

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