14 Madison Avenue

About this home

Discover a unique opportunity to combine homeownership, business ownership, and investment income in this beautifully restored downtown property. Ideally suited for an entrepreneur looking to operate their business on the main floor while enjoying the convenience of a private one-bedroom residence upstairs, this versatile property also offers an excellent opportunity to diversify your income through residential and commercial rental potential. The second-floor apartment provides comfortable, modern living space, while the main floor offers an attractive commercial setting with a beautiful new glass storefront, restored historic tin ceilings, renovated kitchen and bathroom, updated air conditioning, and all-new flooring and walls. Whether you choose to live on-site while operating your own business, rent one or both spaces, or utilize the entire property as an investment, the possibilities are exceptional. Currently fully rented, the property generates $30,000 in annual rental income, allowing a new owner to begin earning revenue immediately. Located along highly visible US Route 201 in the heart of Skowhegan, the property benefits from excellent exposure and approximately 12,700 vehicles passing daily, according to Maine DOT traffic counts. With downtown Skowhegan continuing to experience renewed interest and investment through the waterfront boardwalk and Run of River project, this is an exciting opportunity to own a distinctive mixed-use property in a growing downtown community. Whether you're looking for a place to call home, a location for your business, or an investment that offers multiple income opportunities, this property deserves your attention! Also listed under MLS 1686291 as a Commercial Listing.