For Sale · Downtown Skowhegan, Maine
14 Madison Avenue
A two-story brick mixed-use building with a move-in-ready storefront, a tenanted apartment upstairs, and Kennebec River views.
Two ways to win
Built for owner-users and investors alike.
For business owners
Own it for less than renting the storefront.
With 20% down at 6.5%, your upstairs tenant's $850/mo offsets the mortgage — leaving a net cost of about $707/mo to occupy the shop, versus $1,650/mo market rent for the retail space alone.
- — Pressed-tin ceilings, new flooring & track lighting
- — Kitchenette and updated restroom
- — Build equity instead of paying a landlord
For investors
9.5× gross rent multiple at list.
$30,000 gross annual rent potential, $80,000 in improvements since 2025, and a long-term upstairs tenant in place who wants to stay.
- — $2,500/mo combined rent roll
- — NOI ≈ $19,118/yr before insurance
- — High-visibility frontage on US Route 201
Building tour
Blank canvas. Proven potential.
Retail photos come in pairs: see the space vacant and move-in ready, or as it looked as a thriving neighborhood shop.
Pro forma
Transparent numbers.
Income
| Storefront (market rent) | $1,650/mo | $19,800 |
| Upstairs 1BR (tenant in place) | $850/mo | $10,200 |
| Gross annual rent | $2,500/mo | $30,000 |
Operating expenses
| Electric | ~$138/mo | $1,650 |
| Water & sewer | ~$53/mo | $640 |
| Oil heat (landlord-paid) | ~$600/mo | $7,200 |
| Property taxes | ~$116/mo | $1,392 |
| Total | ~$907/mo | $10,882 |
Run the numbers
Mortgage & investment calculator
30-year fixed loan. Estimates only — consult your lender.
Compared with $1,650/mo market rent for the storefront alone — about $943/mo less, while you build equity.
Why Skowhegan
A river town on the rise.
Downtown Skowhegan is in the middle of a genuine revitalization. The Skowhegan River Park — a Run of River whitewater project on the Kennebec — is set to draw paddlers and visitors year-round, just steps from the waterfront boardwalk.
14 Madison Avenue enjoys Kennebec River views and sits on US Route 201, where Maine DOT counts roughly 12,700 vehicles passing every day.
Explore the Downtown & Area Guide →Questions
Frequently asked
What uses does the zoning allow?+
The downtown zoning permits a wide range of commercial uses for the storefront, including retail, studio, café, and office. Buyers should confirm their specific use with the Town of Skowhegan.
Who is the upstairs tenant?+
A long-term tenant currently pays $850/mo for the 1-bedroom apartment and would like to stay — instant income from day one.
How are utilities set up?+
The building is on public water and sewer. Heat and hot water (oil) are landlord-paid. Annual costs: electric ~$1,650, water & sewer ~$640, oil heat ~$7,200.
What improvements have been made?+
About $80,000 in improvements since 2025, including new flooring, track lighting, a renovated kitchenette, and an updated restroom in the retail space.
What are the property taxes?+
Verified annual property taxes are $1,392 (about $116/mo).
Is there a basement?+
Yes — a full unfinished basement with stone foundation, electrical panel, and generous storage.
How do I schedule a showing?+
Contact Garrett Quinn. The storefront can be shown readily; the upstairs apartment requires 24 hours' notice to the tenant.
Listing agent
Garrett Quinn
Broker / Partner, Whittemore's Real Estate
- Cell
- 207-431-9442
- Office
- 207-474-3303
- gquinn1974@gmail.com
- Office address
- 108 Water Street, Skowhegan, ME