Property profile & analytics
48 Water St Skowhegan, ME 04976
- Retail properties
- 10,665 SF
- 0.19 lot acres
For Sale
View listing
$499,900
Value Estimation
Location Intelligence
Property ID
US42-0099655
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Lynette's Cards & Gifts / Gift Shop
- Hilltop Antiques / Antique Store / Book Store
Property Details for 48 Water St
- Year built
- 1907
- Lot size
- 0.19 lot acres
- Property size
- 10,665 SF
- Property type
- Retail properties
- APN
- SKOW M:26 B:125
- APU
- SKOWM26B125
Description
This stunning 16,020 square foot, three-level commercial building at 48 Water Street in Skowhegan, Maine, presents a unique investment opportunity. Built in 1908, this Colonial Revival brick structure is a prominent landmark in the heart of Skowhegan's vibrant downtown, situated along the Kennebec River. The building currently houses a thriving multi-room antiques market and gift shop, benefiting from high visibility and foot traffic in this pedestrian-friendly area. Features include a public elevator, ample public and private parking, and excellent road frontage. The property sits on a 0.19-acre lot. The building's potential extends beyond its current use
Value Estimation
by Realmo proprietary methodology
Last update: July 3, 2025
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $400,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $345,000
- Mixed-Use
- $325,000
- Hospitality
- $425,000
- Educational
- $325,000
- Residential Income
- $425,000
- Energy
- $435,000
- Income-Based Land
- $395,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- Skowhegan
- County
- Somerset
- State
- Maine
- Longitude
- -69.7192
- Latitude
- 44.7654
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,165
$37,500
$141,100
$178,600
-
$0.00
$0.00
$0.00
