613 Russell Rd Madison, ME 04950
This exceptional 2,400 square foot general commercial property, located at 613 Russell Road in Madison, ME, presents a unique investment opportunity. Situated on a sprawling 22.3-acre lot, this property offers significant potential for subdivision. The main building provides ample space for a variety of commercial uses. A key feature is a substantial 40x60 foot garage, constructed in 2022, equipped with a 14-foot overhead door, ideal for equipment storage or workshops. Additional covered storage is provided by a 12x60 foot carport. The property is heated by propane. A drilled well and septic system are in place, though the well has not been tested. The location offers the benefit of proximity to Skowhegan while maintaining a desirable out-of-town setting. This property's size, versatile building, and expansive acreage make it an attractive prospect for developers and entrepreneurs seeking a prime location in a growing area. The combination of the existing structures and the substantial land area presents a compelling opportunity for future expansion or development. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.