Edward Baldacci

$900,000

4.58 Acres

Orono, Maine, 4773

Fully positioned development site for 30 spacious 2-3BR units in a growing Maine submarket.Marketing descriptionPositioned in the heart of Orono--one of Maine's most supply-constrained and consistently high-demand rental markets--this ±4.6-acre development site at 0 Park Street presents a rare opportunity to deliver new construction, townhouse-style student housing immediately adjacent to the University of Maine.Located just steps from The Local and approximately 0.5-0.8 miles (±2-4 minute drive / short bike ride) from University of Maine, the property offers an exceptional proximity advantage that is increasingly difficult to replicate. The University enrolls approximately 11,000 students and serves as the state's flagship research institution, driving consistent housing demand across all asset classes.The offering consists of a 4.58-acre level parcel with favorable positioning along Park Street, a primary corridor connecting downtown Orono to campus. The site benefits from existing infrastructure access and is ideally suited for a 30-unit, 2-3 bedroom townhouse-style apartment community, a product type that directly aligns with current renter preferences for larger, modern, off-campus living options.Proven Rental Market FundamentalsOrono consistently draws renters from both the student population and the broader Bangor region, functioning as a regional service and employment center with more jobs than resident workers--supporting long-term rental demand stability.Scalable Development with Seller SupportThe ±4.6-acre site provides the scale and flexibility to execute a cohesive townhome-style community, with the seller willing to support approvals--reducing entitlement risk and accelerating development timelines.NDA to review Engineering Documents.

$149,000

3.55 Acres

Orono, Maine, 4473

Prime commercial development opportunity in the highly desirable Godfrey Drive business corridor in Orono. This vacant lot offers outstanding potential for office, industrial, flex-space, research, technology, or service-oriented development in one of the Greater Bangor region's most established commercial hubs. Strategically located just minutes from the University of Maine, Interstate 95, and downtown Bangor, the property provides excellent accessibility for employees, clients, and logistics alike.Surrounded by a strong mix of professional office users, light industrial businesses, research facilities, and expanding commercial development, this location is well-positioned for investors, owner-users, or developers seeking long-term growth in a thriving market. Utilities and infrastructure are readily accessible in the area, making this an attractive site for a wide range of commercial applications. Rare opportunity to secure a well-located commercial parcel in one of Orono's premier business and industrial corridors.Orono serves as a major employment center within the Bangor metropolitan area, hosting more than 6,300 jobs and benefiting from the economic influence of the University of Maine, one of the state's leading research institutions and employers. The area offers a highly educated workforce, with more than 54% of adults holding at least a four-year degree, creating strong demand and support for professional office, technology, engineering, research, and innovation-driven businesses.The Bangor-Orono market continues to see growth across professional services, healthcare, advanced manufacturing, life sciences, and technology sectors, making this an exceptional opportunity for investors, developers, or owner-users seeking long-term upside in a strategically located commercial corridor. Rare opportunity to secure a premier development parcel in one of Eastern Maine's most active commercial and industrial growth areas.