Brown's Mill Historic Rehab Opportunity

Dover Foxcroft is approximately 42 miles north of Newport on Route 7 where I-95 crosses through the region. It is on the preferred route to Greenville and the Moosehead Lake Region from both Portland/Augusta and Waterville to the south and Bangor to the northeast. The property is scenically located on the edge of the Piscatqua Rivernear the center of Town. Dover Foxcroft is the home of the Foxcroft Academy which is both a regional high school and a private academy. (Approximately 325 public students and 75 private students) The Town has recently been the recipient of public and private grants allowing for the construction of both a two acre indoor sports arena and and a separate state-of-the-art indoor hockey rink. These facilities are unparalleled in the state of Maine for pre-college sports Dover Foxcroft is a sub regional center with a local hospital Part of three Northern Light Health systems, a shopping center, including a Hannaford's grocery store, fast food outlets, and numerous other retail outlets and services. There is a community center with an indoor swimming pool.Brown's Mill Historic Rehab Opportunity offers a serene setting approximately 25 minute drive to I-95. The highest and best use of the property is likely affordable housing using a combination of the LIHTC program in combination with state and federal tax credits. Dover Foxcroft is a unique sub-regional town with a combination public and private academic secondary school. There are new indoor hockey and track facilities. With easy access to the bustling Bangor market with attractions such as the Bangor Mall, the Foxwood Casino and the Cross Insurance Center, all of which contribute to the area's vibrant economy. Additionally, the Bangor International Airport provides convenient travel connections for potential tenants or visitors. For those seeking outdoor adventure, the property is ideally situated just 30 miles south of the stunning Moosehead Lake region, offering abundant recreational opportunities and natural beauty. With the potential for eligibility for LITHC funding from MaineHousing, this prime location presents an ideal opportunity for redevelopment for nivestors looking to capitalize on the unique blend of small-town charm, urban convenience, affordable housing eligibility, and historic tax credits..