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Riverfront Flex Space
For Sale
$199,000

14 Island Avenue, Skowhegan, ME 04976

Commercial Sale, Skowhegan, ME

Property Size3,244 SF
Lot Size0.20 Acres
Price / SF$61.34
Days on Market90

Property Features for 14 Island Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Resource Protection
Rooms Basement
Interior features Storage
Basement Finished, Full
Lot features Waterfront, Downtown, Near Shopping
Standard status Active
Size 3,244 SF
Lot size 0.20 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1807

Utilities

Sewer type Public Sewer
Heating system Baseboard, Oil, Hot Water(Heating)
Water source Public

Amenities

waterfront

Building Details

Year built 1964
Flooring type Vinyl, Tile
Building materials Wood Frame, Vinyl Siding, Wood Siding
Roof type Shingle
Additional Structures Storage
Listing Agency: Whittemore's Real Estate
Listed By: Garrett Quinn
Added: Jun 11 Changed: Sep 2 Last Checked: Sep 8 at 1:06AM
MLS# 1633849

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex-space property includes finished areas on two levels, with 1,062 finished square feet on the first floor and 850 finished square feet in the basement. An unfinished upper level adds almost 800 square feet of potential usable area. The building dates to 1964 and features wood-frame construction with vinyl and wood siding, tile and vinyl flooring, baseboard and hot-water oil heat, public water, and public sewer. Storage is included, along with a shingle roof.

Set along the Kennebec River on Island Avenue in downtown Skowhegan, the property is adjacent to the historic fire station and near the town’s waterpark and waterfront development areas. Daily traffic is reported at 25,000, and ample parking is available. Resource Protection zoning applies. The existing configuration supports consideration for retail, office, or small-scale manufacturing uses, while the building also has potential for multiple residential units, including a duplex conversion.

Key Highlights

  • 1,062 finished square feet on the first floor
  • 850 finished square feet in the basement
  • Unfinished upper level with almost 800 square feet of potential usable space

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Furniture & Home Goods Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

25,000 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

574
Businesses Nearby
Under-served
Demand for This Use

Demographics for 04976, ME

9,937
Population
4,967
Households
2
Avg Household Size
45
Median Age
24%
College-Educated
94%
High-School Grad
99.6 sq mi
ZIP Area
100
Density / Sq Mi
$55,245
Median Household Income
$34,897
Median Earnings
$869
Median Rent
$159,300
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Two-level commercial building with parking, public utilities, storage, and an unfinished upper level for additional usable space.
Where is this flex space located?
The property is located at 14 Island Avenue Skowhegan, ME.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,062 finished square feet on the first floor; 850 finished square feet in the basement; Unfinished upper level with almost 800 square feet of potential usable space
More about this property
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