Technical
Financial
Distress signals
Property profile

14 Island Ave Skowhegan, ME 04976

FOR SALE
Showrooms
Property ID
US42-0132814
2,709 SF 0.2 ac lot Built 1964
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 14 Island Avenue in historic downtown Skowhegan, Maine, presents a unique investment opportunity. Boasting 3,244 square feet of space across two floors, this building offers ample room for a variety of businesses. Its prime location directly across from the revitalized spinning mill project and adjacent to the fire station ensures high visibility and accessibility. A significant advantage is the 70-foot river frontage overlooking the Kennebec River, providing stunning views and potential for outdoor amenities. The building has undergone recent renovations, ensuring modern functionality. A large, unfinished third-level attic presents significant expansion potential, allowing for future growth and customization. The property sits on a 0.2-acre lot. For qualified buyers, owner financing may be available with a 20% down payment. This property's combination of location, size, and potential makes it an exceptional investment opportunity that is unlikely to remain available for long. Don't miss the chance to own this remarkable commercial space in a thriving downtown area.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1964
Total area 2,709 SF
Lot 0.2 ac (8,712 SF)
APN SKOW M:26 B:84 L:1
UPID US42-0132814

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14 Island Ave Skowhegan, ME 04976
Skowhegan metro Census 966701
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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