48 Water StSkowhegan, ME 04976
- Retail properties
- 10,665 SF
For Sale
$499,900
View listing
Property Details for 48 Water St
- Year built
- 1907
- Lot size
- 0.19 AC
- Property size (Sq ft)
- 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
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,591,967
- 6.5%
- $2,392,585
- 7%
- $2,221,686
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,511,592
- Geo Method
- $3,511,592
-
Alternative Use
- Use
- Valuation
- Residential
- $2,018,235
- Hospitality
- $1,848,692
- Educational
- $1,538,090
- Medical
- $1,590,988
- Retail
- $2,392,585
Location Insight
- City
- Skowhegan
- County
- Somerset
- State
- Maine
- Latitude
- 44.7654
- Longitude
- -69.7192
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
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Comparable in this City
Similar Nearby for Sale
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