270 Main Street, Madison

Retail-Commercial for Sale
Catylist Listing ID: 30745740
Property Subtypes: Mixed Use, Other
Building Size (RSF): 2,160 SF
Gross Building Area: See Agent
Sale Price: $185,000
Unit Price: $85.65 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/22/2021

Overview / Comments

This is an incredible opportunity for businesses in a prime location directly across the street from the Madison Area Health Center with several other businesses nearby. Although this well-maintained property is currently being occupied by one business as an artwork retail space and showroom, it is structured to support occupancy by two separate businesses with two doors off the main entrance that lead to private division of space and a bathroom on each side. Imagine the benefits of being able to rent out each side, being able to occupy one side and rent out the other, or to occupy/rent the entire building as one business. The property has also previously been used as a day care facility (one of the two bathrooms includes a bathtub) with excellent open space indoors, a nice backyard for play space, and plenty of parking in the paved parking lot. The center wall may be able to be taken down for even more open space. There is also excellent walk-in storage space upstairs! Other possible uses include a pharmacy, business offices, liquor store, and endless other opportunities in retail. This is a must-see to fully appreciate the possibilities with indoor and outdoor space. Also important to note is that the town is serviced by its own electric company, Madison Electric, which keeps electricity costs extremely low in comparison to others and any service outages due to extreme storm weather short because of very quick response times!

Additional Details

Nearest MSA: Augusta-Waterville
County: Somerset
Tax ID/APN: MADN-000024-000000-000005-000006
Zoning: N/A
Lot Frontage: 200 feet

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,604 2,695 8,985
Median Age: 46.8 43.12 43.77
Households: 690 1,145 3,700

Contact

Photograph of Listing Agent

Kevin Fletcher, CCIM

KW Commercial NECPE Member
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