A truly rare waterfront development opportunity in the Town of Hampden, offering expansive views of the Penobscot River and exceptional potential for a wide range of high-value uses. Currently operating as a seasonal, turn-key restaurant within a marina setting, this property presents immediate income potential while also serving as a… Read More prime canvas for redevelopment or repositioning. With its desirable waterfront location, strong visibility, and flexible zoning (subject to town approvals), this site is especially well-suited for developers and investors seeking to capitalize on the growing demand for unique residential and mixed-use spaces. Potential concepts include townhome or condo development with river views, a boutique waterfront event venue, hospitality or short-term rental conversion, or a signature mixed-use project combining residential, retail, and dining. The marina setting and natural waterfront backdrop create a built-in lifestyle appeal that is increasingly sought after by both buyers and tenants. For those exploring commercial or experiential uses, the property lends itself beautifully to a destination event center, wedding venue, corporate retreat space, or upscale restaurant reimagined to maximize the waterfront experience. The combination of scenery, accessibility, and flexibility makes this a standout opportunity for creating something truly distinctive in the market. Further enhancing the value is an attached two-bedroom, one-bath apartment--ideal for on-site management, staff housing, or supplemental rental income during redevelopment or operations. Whether you're a developer looking for your next waterfront project, an investor seeking a value-add opportunity, or an entrepreneur with a vision for a landmark destination, this property offers the location, versatility, and setting to bring that vision to life. Opportunities like this--where scale, waterfront exposure, and redevelopment potential align--are increasingly rare in today's market. Read Less
Courtesy of Tim Dunham Realty 207-729-7297
Listing Snapshot
Days Online
132
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Partial Baths
2
Square Ft.
4,180
Lot Size
1 Acres
Year Built
1990
MLS Number
1646944
Additional Details
Heating
Heating: "Baseboard", Heating Included
Basement
Basement: "None", "Not Applicable"
Building
Architectural Style: "Other", Building Area Source: Other, Building Area Total: 4,180, Construction Materials: "Vinyl Siding", "Wood Frame", Year Built: 1990
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.
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