1963 Medway Road

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Active
$2,250,000
20,000 sqft

1963 Medway Rd, Medway, ME 04460

Est: $14,081/moGet pre-approved
Multi FamilyProperty Type
4.78 acresLot Size
1995Year Built
$113/sq ftPrice per sq ft

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.
539 days on Market
  • Listed by: James Spear • True North Realty, Inc.
Last updated: 05/22/2026 12:45 PM • Source: Maine Listings, MLS#: 1619103
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Location

Listing Courtesy of True North Realty, Inc.
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$14,081 per month

30 year fixed, 7.03% Interest

Principal and Interest

$12,012

Property Taxes

$2,070

HOA Dues

$0

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Property Information for 1963 Medway Road

Property Details

  • Taxes: $24,834 / year
  • MLS Type: Commercial / Multi Family
  • County: Penobscot County
  • Waterfront: No
  • Zoning: Commercial

Building Information

  • Stories: 3
  • Year Built: 1995
  • Lot Size: 4.78 AC / 208,216 SF

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
  • Construction: Other3
  • Water View2: No
  • Tree Growth YN2: false
Parking
  • Parking Features: 21+ Spaces, Paved
  • Parking: 21 Spaces, Paved3
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

Heating and Cooling
  • Heat Fuel: Oil
  • Heat System: Baseboard, Hot Water, Zoned
Lot Information
  • Lot Size Acres: 4.78
  • Building Area Total: 20000.0
  • Lot Size Area: 4.78
  • Lot Size Units: Acres
  • Lot Size Square Feet: 208216.8
  • 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: Circuit Breakers, Three Phase
  • Sewer: Private Sewer, Septic Tank
  • Water Source: Private, Well
  • Other Equipment: Cable
  • Utilities:Utilities On: Yes
  • Gas:Bottled: Yes

Interior and Exterior Features

Exterior Features
  • Construction Materials: Other, Vinyl Siding
  • Roof: Metal
  • StructureType: Modular
Interior Features
  • Basement: Full, Walk-Out Access
  • Flooring: Carpet, Concrete, Vinyl, Wood
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Oil, Baseboard, Hot Water, Zoned
  • Foundation Details: Poured Concrete
  • 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 15, 2025

Listed (Active)

Maine Listings #1619103

$2,250,000—
Apr 11, 2025

Withdrawn

Maine Listings #1600243

$2,250,000—
Aug 13, 2024

Listed (Active)

Maine Listings #1600243

$2,250,000—
DateEvent & SourcePrice
04/15/2025

Listed (Active)

Maine Listings #1619103

$2,250,000
04/11/2025

Withdrawn

Maine Listings #1600243

$2,250,000
08/13/2024

Listed (Active)

Maine Listings #1600243

$2,250,000

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

Public Records for 1963 Medway Road

Taxable Value

Land

$112,100

Additions

$914,100
Total$1,026,200

Tax Record

2023

$24,834 ($2,070 / month)

Home Facts

Lot Size

2,657,160 SqFt

County

PENOBSCOT

APN

MEDY 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 15, 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.