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78 Water St 16,902 SF 100% Leased Retail Building Skowhegan, ME 04976 $2,000,000 ($118.33/SF)



EXECUTIVE SUMMARY
Located in the heart of Skowhegan, this versatile commercial building offers incredible potential. Recently renovated, the property features updated roofing, electrical, plumbing, and a sprinkler system. Currently used as a charter school, the flexible layout supports a wide range of uses including retail, office, restaurant, multi-family, or continued educational use. It could also be reconfigured for multiple tenants. Ample space and a central location make this a standout opportunity. Please note: the current owner will need to lease back the property through fall 2027, with a potential 6-month extension. Buyers should confirm allowable uses with the town.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,902 SF
Building Class
C
Year Built
1908
Price
$2,000,000
Price Per SF
$118.33
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.69
Lot Size
0.23 AC
Frontage
100’ on Water St
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | SKOW-000026-000000-000127 | Improvements Assessment | $296,800 |
| Land Assessment | $54,200 | Total Assessment | $351,000 |
PROPERTY TAXES
Parcel Number
SKOW-000026-000000-000127
Land Assessment
$54,200
Improvements Assessment
$296,800
Total Assessment
$351,000
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78 Water St
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