1963 Medway Rd

Medway, ME 04460

$2,250,000
Price
—
Beds
—
Baths
20,000 Sq. Ft.
$113 / Sq. Ft.
20,000
Sq. Ft.
$113
per Sq. Ft.
Virtual Tour
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Description

Rare opportunity to own a well run hotel at the gateway to the greatest Maine has to offer in outdoor activities. This hotel, built in 1995, has 38 rooms varying from a single up to a two bedroom and also offers efficiency apartments for longer stays. The conference room has been used for business meeting, reunions and even a local wedding. There is also a well ventilated 60'x80' building attached that could be used for ATV or Snowmobile storage. This property is connected directly to the ITS. More...Rare opportunity to own a well run hotel at the gateway to the greatest Maine has to offer in outdoor activities. This hotel, built in 1995, has 38 rooms varying from a single up to a two bedroom and also offers efficiency apartments for longer stays. The conference room has been used for business meeting, reunions and even a local wedding. There is also a well ventilated 60'x80' building attached that could be used for ATV or Snowmobile storage. This property is connected directly to the ITS. More than 60,000 people visit Baxter State park every year, making this a prime place to stay wither before or after hiking. The current owners have had hundreds of hikers who have used Baxter State Park to start or finish the Appalachian Trail. With plenty of lakes ad rivers in the area, this hotel offers the ability to stay close to the best outdoor recreation areas Maine has to offer.
  1. Listed by James Spear • True North Realty, Inc.

Property Details for 1963 Medway Road

Waterfront
No
Zoning
Commercial
LISTING UPDATED: 08/11/2025 10:20 AM

Property Details for 1963 Medway Road

StatusActive
MLS #1619103
Days on Market244
Taxes$24,834 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial / Multi Family
Year Built1995
Lot Size5.63 AC / 245,242 SF
CountyPenobscot County

Location

Listing Courtesy of True North Realty, Inc.
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Building Information for 1963 Medway Road

Stories3Residences-Year Built1995Building Size-Lot Size5.63 AC / 245,242 SF

Payment Calculator

$13,188 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,118

Property Taxes

$2,070

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1963 Medway Road

Summary
Location and General Information
  • Zip Code: 3184
  • Directions: From I-95 Turn towards Millinocket. Property is on the right.
  • Town: Medway
  • State/Province: ME
  • Zip Code: 04460
  • County: Penobscot
  • Tax Lot: 6
  • Location:Business District: Yes
  • Location:Near Shopping: Yes
Parking
  • Parking Features: 21+ Spaces, Paved
Taxes and HOA Information
  • Tax Book Number: 5496
  • Tax Map Number: 9
  • Tax Year: 2023
  • Parcel Number: MEDY-000009-000000-000006
  • Location Information:Association Y/N: No
  • Tax Annual Amount: $24,834.00
Property
Lot Information
  • Lot Size Acres: 5.63
  • Building Area Total: 20000.0
  • Lot Size Area: 5.63
  • Lot Size Units: Acres
  • Lot Size Square Feet: 245242.8
  • Street Number: 1963
  • Property Information:Surveyed: No
  • Property Information:Deed/Conveyance Type Offered: Quit Claim w/Covenant
  • Property Information:Deed: Partial
  • Property Information:Deed Restrictions: Unknown
  • Property Information:Total # Floors: 3.00
Property and Assessments
  • Leased Land: No
  • Property Type: Commercial
  • Property Type Label: Commercial
  • Property Sub-Type: Multi Family
  • Year Built: 1995
Utilities
  • Electric: Three Phase, Circuit Breakers
  • Sewer: Septic Tank, Private Sewer
  • Water Source: Well, Private
  • Other Equipment: Cable
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Other
  • Roof: Metal
Interior Features
  • Basement: Walk-Out Access, Full
  • Flooring: Wood, Vinyl, Concrete, Carpet
  • Cooling: Wall/Window Unit(s), Central Air
  • Heating: Zoned, Hot Water, Baseboard
  • Foundation Details: Concrete Perimeter
  • Accessibility Features: Elevator/Chair Lift, Level Entry
  • # Floors: 3
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
  • Cooling YN: Yes
  • Heating YN: Yes

Property History for 1963 Medway Road

DateEvent & SourcePriceAppreciation
Apr 11, 2025

Withdrawn

Maine Listings #1600243

$2,250,000—
Apr 9, 2025

Listed (Active)

Maine Listings #1619103

$2,250,000—
Aug 13, 2024

Listed (Active)

Maine Listings #1600243

$2,250,000—
Oct 7, 2023

Expired

Maine Listings #1545363

$2,590,000—
Oct 7, 2022

Listed (Active)

Maine Listings #1545363

$2,590,000—
DateEvent & SourcePrice
04/11/2025

Withdrawn

Maine Listings #1600243

$2,250,000
04/09/2025

Listed (Active)

Maine Listings #1619103

$2,250,000
08/13/2024

Listed (Active)

Maine Listings #1600243

$2,250,000
10/07/2023

Expired

Maine Listings #1545363

$2,590,000
10/07/2022

Listed (Active)

Maine Listings #1545363

$2,590,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1963 Medway Road

Taxable ValueLand$112,100Additions$914,100Total$1,026,200
Tax Record2023$24,834 ($2,070 / month)
Home Facts
Lot Size2,657,160 SqFtCountyPENOBSCOTAPNMEDY M:009 L:006

Schools near 1963 Medway Road

This home is within Medway Public Schools.
Rating
School
Type
Grades
Distance
Medway Middle School
Public - 5 to 8
Rating
School
Distance
Medway Middle School
Public5 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1963 Medway Road, Medway, ME 04460

1963 Medway Road is a multi-family home for sale in Medway, ME 04460. This property was listed for sale on April 9, 2025 by True North Realty, Inc., it's currently listed at $2,250,000. This listing's school district is Medway Public Schools. Nearby schools include Medway Middle School. 1963 Medway Road is a 0-bed, 0-bath, 20,000 sqft multi-family home built in 1995.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of True North Realty, Inc.

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.