5.2-acre waterfront parcel in Medway with +/- 400' of frontage on the West Branch of the Penobscot River. Located on a quiet dead-end road just 5 minutes from I-95 and a short drive to Millinocket, with Baxter State Park and Mount Katahdin nearby. Flexible residential/commercial zoning offers endless potential for a private retreat, investment property, or commercial venture. State-approved for up to 4 mobile home sites. Two existing tenant-owned homes on a month-to-month lot lease generating monthly income, with option to continue, expand, or remove and redevelop the site. Prime location for outdoor recreation including fishing, hunting, boating, hiking, and snowmobiling. A rare opportunity to own versatile waterfront land in a high-demand recreational area at the gateway to the North Maine Woods.