973 Central Street, Millinocket, ME 04462 ⋆

973 Central Street, Millinocket, ME 04462

$770,000

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Property Type: Commercial Square Footage: 14,660 Lot Size (sq. ft.): 200,376 Status: Active

Current Price: $770,000 List Date: 10/01/2026 Last Modified: 10/01/2026

Overview

Description

The Pamola Motor Lodge is a 24-room exterior and interior corridor motel with a tavern and restaurant on 4.6 acres along Central Street in Millinocket, Maine — the primary gateway community to Baxter State Park, the Katahdin Woods & Waters National Monument, and the northern terminus of the Appalachian Trail. At its highest and best use, the property offers additional upside to 28 total rooms: 1 room space in the main building currently serves as a vending area, and 3 detached rear units behind the property currently serve as the campground bathhouse — both could be converted to guest rooms. The property was acquired by the current ownership in 2024, at which time it was closed and vacant. Since acquiring the property, ownership has replaced carpeting throughout and signed a new lease with a bar/tavern tenant. The restaurant space has been leased to the same tenant for decades and continues to generate steady rent. Combined, the two leases generate $52,200 in contracted ann ... (Read more)

Listing Details MLS# 1682691

Location Information

Street #: 973
Street Name: Central
Street Type: Street
County: Penobscot
Town: Millinocket
State/Province: ME
Zip Code: 04462
Zip +4: 2124
Leased Land: No
Book: 17205
Page: 260
Map: U11
Lot: 003
Zoning: HC
Zoning Overlay: Unknown
Full Tax Amount $: 16705
Tax Year: 2025
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 770000

Property Information

Primary Use: General Commercial
Surveyed: Yes
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Deed Restrictions: Unknown
Year Built: 1958
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 2
SqFt Finished Total: 14660
Lot Size Acres +/-: 4.6
Road Frontage +/-: 250

Commercial Bldg Information

Confidentiality Statement: Yes
Total Units: 24

Utilities

Utilities On: Yes

More Information

Property Features

Location: Business District; Near Shopping Construction: Wood Frame Other Structures: Outbuilding Levels: Two Property Uses: Bar/Tavern/Lounge; Commercial; Hotel/Motel; Restaurant Basement: Slab Foundation Materials: Poured Concrete Exterior: Wood Siding Roof: Membrane Heat System: Baseboard; Hot Water Heat Fuel: Oil Cooling: Window Unit(s) Floors: Carpet; Laminate; Tile Building Features: Cable; Internet Access Available Parking: 21+ Spaces; On Site; Other Parking; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public

Documents

Deed Public Access ›

Property Disclosure Public Access ›

Listing Office: CENTURY 21 Queen City Real Estate

Last Updated: October - 01 - 2026

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. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

973 Central Street, Millinocket, ME 04462 (MLS# 1682691)