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$139,900
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Property Description
Exceptional Business Opportunity in Medway, Maine Don't miss the chance to own a prime piece of commercial real estate in Medway, strategically located at the bustling intersection of Route 157 and Rt. 11. This versatile property has a rich history of hosting various businesses and is now available for your unique vision. Situated just half a mile from Exit 244, this property benefits from high visibility and easy access for both locals and travelers. With Bangor only 45 minutes away and the Canadian border just an hour north, the location is ideal for attracting traffic from various demographics. The property is equipped with essential utilities, including power at the pole and a drilled well, providing a solid foundation for your business operations. Additionally, a gravel pad is already in place ready for development and septic designs are available for a large or a small system. A previous portable business currently occupies the site but will be removed, allowing you to create your own space without the need for extensive groundwork. Medway is renowned as ''The Gateway to Baxter State Park'' making this location a prime spot for businesses catering to outdoor enthusiasts. With recreational trails running adjacent to the property and close by, your business can tap into the thriving tourism market that seeks adventure and natural beauty. Whether you envision a retail store, restaurant, outdoor adventure shop, or service oriented business, this property offers the flexibility to cater to a wide range of industries. The surrounding area is ripe for growth, offering a supportive community excited for new businesses. This is more than just a piece of land it's an opportunity to create a lasting business within a region known for its beauty and outdoor activities. Seize the opportunity to make the property your perfect location for your next venture.
Full Property Details
Full Property Details for 5 Grindstone Rd
General
- Price: $139,900
- Taxes: $1,006 (2025)
- Status: Active
- Type: Lots/Land
- Source: MREIS
- MLS ID: 1647694
- Updated: 1/5/2026
- Added to Site: 16 day(s) ago
Parking
- Parking Features: 5 - 10 Spaces, Gravel, Other, Paved, On-Site Parking, Off Street
Location
- County: Penobscot
Community
- Pets Allowed: Yes
Utilities
- Sewer: None, Septic Design Available
- Water: Well, Private
- Well: Yes
- Utility Description: Utilities On
Lot Features
- Property View: Scenic
- Lot Size (Acres): 1.46
- Lot Size (Sq. Ft.): 63,597.6
- Lot Size Source: Public Records
- Zoning: Commercial
- Lot Description: Rolling/Sloping, Open, Corner Lot, Level, Wooded, Intown, Near Public Beach, Near Turnpike/Interstate, Rural
Financial Considerations
- Tax Amount: $1,006.72
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 35
Listed by United Country Lifestyle Properties of Maine (207) 794-6164
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Schools
Schools serving 5 Grindstone Rd
School District:Medway
| Name | Grades | Distance |
|---|---|---|
Medway Middle School, Medway, ME 25 Middle School Drive, Medway, ME 04460 | 5-8 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 Grindstone Rd
Date
Details
Price
Change
Source
1/05/2026
Listed
$139,900
154.36%
MLS
5/24/2023
Sold
$55,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5 Grindstone Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$668
2%
$27,600
—
2022
$657
—
$27,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5 Grindstone Rd
5 Grindstone Road, Medway, ME 04460 (MLS# 1647694) is a Lots/Land property with a lot size of 1.46 acres. 5 Grindstone Road is currently listed for $139,900 and was received on January 05, 2026. Want to learn more about 5 Grindstone Road? Do you have questions about finding other Lots/Land real estate for sale in Medway? You can browse all Medway real estate or contact a Coldwell Banker agent to request more information.

