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Listed by Garrett Quinn Whittemore's Real Estate
$ 285,000
Est. payment /mo
New
14 Madison AVE Skowhegan, ME 04976
1,709 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type General Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,709 sqft
Price per Sqft $166
MLS Listing ID 1686291
HOA Y/N No
Year Built 1900
Tax Year 2025
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type General Commercial
Source Maine Listings
Land Area 1709
Property Description
Prime Downtown Skowhegan Commercial Investment Opportunity! Positioned in the heart of Skowhegan's burgeoning downtown, this newly restored commercial property presents an exceptional opportunity for investors or business owners looking to establish themselves in a revitalizing community. With the exciting development of the new waterfront boardwalk and Run of River project, downtown Skowhegan is poised for continued growth, making this a particularly attractive location for long-term investment or your own business venture. The property features a beautiful new glass storefront, restored historic tin ceilings, completely renovated kitchen and bathroom, updated air conditioning, and all-new flooring and walls. A fully furnished one-bedroom apartment on the second floor provides an excellent opportunity for additional rental income and allows you to start generating revenue from day one. Even better, the entire building is currently rented, producing $30,000 in annual rental income. With excellent visability and exposure on US Route 201 and a highly desireable downtown location, the Maine DOT reports approximately 12,700 vehicles passing daily. Whether you're looking to expand your investment portfolio or secure a distinctive location for your own business, this is a rare opportunity to own a beautifully restored commercial property in the heart of Skowhegan's exciting downtown revitalization.
Location
State ME
County Somerset
Direction Property is located on the one-way, south bound section of Madision Avenue.
Rooms
Basement Full, Sump Pump, Unfinished, Brick/Mortar
Interior
Heating Electric, Oil, Baseboard, Hot Water, Radiator
Cooling Wall Unit(s)
Flooring Laminate, Tile, Wood
Exterior
Parking Features On Street
Roof Type Other
Building
Lot Description Downtown
Story 2
Foundation Brick/Mortar
Water Public
Others
Tax ID SKOW-000026-000000-000094
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