About This Home

This 0-bedroom, 0-bathroom commercial at 14 Madison Avenue in Skowhegan, ME is listed for $285,000 ($167 per sqft). Built in 1900, the home offers 1,709 sqft of living space on a 0.02 acres lot.

Key Features

  • Built in 1900
  • 0.02 acre lot

Property Details

1900

Amenities

A/C
Listing 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 daily traffic counts exceeding 10,000 vehicles, this property offers excellent visibility and exposure in a highly desirable downtown location. 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.

Monthly Cost Estimate

$1,524/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83

Estimates only. Actual payments may vary.

Location

14 Madison Avenue

Skowhegan, ME 04976

Property Details

Flooring

WoodLaminateTile

Construction

Masonry Brick Glass

Parking

On Street

Heating

BaseboardOther (Heating)OilElectric (Heating)Hot Water(Heating)

Cooling

Wall Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 14 Madison Avenue is listed at $285,000 ($167/sqft). The estimated monthly payment is $1,524 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900, 0.02 acre lot.

This property is listed by Garrett Quinn.

GQ

Garrett Quinn

Agent at Whittemore's Real Estate

Listed by Whittemore's Real Estate · Broker phone: (207) 474-3303 · View on Broker Site · Broker website

MLS# 1686291· Source: Maine Listings· Added to PropertySimple today

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14 Madison Avenue, Skowhegan, ME 04976

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