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Jeffrey Jolicoeur

jjolicoeur@surette-realestate.com +1(207) 649-6893

Listed by Garrett Quinn Whittemore's Real Estate

$ 285,000

Est. payment -/mo

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14 Madison AVE Skowhegan, ME 04976

1 Bed

3 Baths

1,709 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,709 sqft

Price per Sqft $166

MLS Listing ID 1686618

Bedrooms 1

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1900

Tax Year 2025

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type Single Family Residence

Source Maine Listings

Land Area 1709

Property Description

Discover a unique opportunity to combine homeownership, business ownership, and investment income in this beautifully restored downtown property. Ideally suited for an entrepreneur looking to operate their business on the main floor while enjoying the convenience of a private one-bedroom residence upstairs, this versatile property also offers an excellent opportunity to diversify your income through residential and commercial rental potential. The second-floor apartment provides comfortable, modern living space, while the main floor offers an attractive commercial setting with a beautiful new glass storefront, restored historic tin ceilings, renovated kitchen and bathroom, updated air conditioning, and all-new flooring and walls. Whether you choose to live on-site while operating your own business, rent one or both spaces, or utilize the entire property as an investment, the possibilities are exceptional. Currently fully rented, the property generates $30,000 in annual rental income, allowing a new owner to begin earning revenue immediately. Located along highly visible US Route 201 in the heart of Skowhegan, the property benefits from excellent exposure and approximately 12,700 vehicles passing daily, according to Maine DOT traffic counts. With downtown Skowhegan continuing to experience renewed interest and investment through the waterfront boardwalk and Run of River project, this is an exciting opportunity to own a distinctive mixed-use property in a growing downtown community. Whether you're looking for a place to call home, a location for your business, or an investment that offers multiple income opportunities, this property deserves your attention! Also listed under MLS 1686291 as a Commercial Listing.

Location

State ME

County Somerset

Direction Property is located on the one-way, south bound section of Madision Avenue.

Body of Water Kennebec River

Rooms

Basement Interior Entry, Full, Sump Pump, Brick/Mortar, Unfinished

Interior

Heating Electric, Oil, Baseboard, Hot Water, Radiator

Cooling Wall Unit(s)

Flooring Laminate, Tile, Wood

Furnishings Unfurnished

Fireplace No

Appliance Electric Range, Refrigerator

Exterior

Parking Features No Driveway, On Street

View Scenic

Roof Type Metal,Other

Porch Deck

Garage No

Building

Lot Description Intown, Sidewalks

Foundation Brick/Mortar

Water Public

Architectural Style Other

Others

Tax ID SKOW-000026-000000-000094

Jeffrey Jolicoeur

Team Leader, Broker BR916783

+1(207) 649-6893

Jeffrey Jolicoeur

14 Madison AVE Skowhegan, ME 04976

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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14 Madison AVE