14 Cedar St Skowhegan, ME 04976-1657
- Showrooms
- 4,803 SF
- 0.25 lot acres
Current Use by Public Records
- Showrooms
Property Details for 14 Cedar St
- Year built
- 1900
- Lot size
- 0.25 lot acres
- Property size
- 4,803 SF
- Property type
- Showrooms
- APN
- SKOW M:26 B:27
- APU
- SKOWM26B27
Description
This exceptional investment opportunity presents a 9-unit apartment building situated at 14 Cedar St, Skowhegan, ME 04976. The property boasts a total of 9,348 square feet on a 0.25-acre lot, spread across three stories. Built in 1900, the building features a durable metal roof and vinyl siding. The unit mix includes six one-bedroom and three two-bedroom apartments, catering to a diverse tenant base. Its prime location in Skowhegan offers convenient access to shopping and services, making it highly attractive to renters. The strong local economy, bolstered by employers such as New Balance (with planned expansion adding 200 jobs), SAPPI, and other national retailers, ensures consistent rental demand. Skowhegan's designation as a primary service center by the State of Maine further enhances its appeal and potential for future growth. The asking price for this well-maintained multifamily property is $650,000. The property's APN is 26/27. This is a rare chance to acquire a stable, income-generating asset in a thriving Maine community. The building consists of one structure.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Skowhegan
- County
- Somerset
- State
- Maine
- Longitude
- -69.7158
- Latitude
- 44.7635
