121 Fraser Avenue, Madawaska, ME 04756
$600,000
Property Type:
Commercial
Square Footage:
5,477
Lot Size (sq. ft.):
95,396
Status:
Active
Current Price:
$600,000
List Date:
2/28/2024
Last Modified:
3/13/2024
Description
Welcome to an incredible opportunity to own a fully established restaurant along with a charming 5-room guest house, all nestled in the heart of Madawaska. This turn-key property presents a rare chance for entrepreneurs and investors alike to step into a thriving business with immediate revenue potential. The restaurant comes complete with all necessary equipment and furnishings, allowing for seamless operations from day one. From kitchen appliances to dining area furniture, everything is in place for the new owner to start serving customers immediately. Benefit from an already established customer base drawn to the exceptional dining experience offered by this restaurant. With a reputation for quality cuisine and excellent service, you can step into a business that is already beloved by locals and visitors alike. Situated in a high-traffic area, the restaurant enjoys excellent visibility and accessibility, further enhancing its revenue potential. The 5-room guest house exudes charm and comfort, offering a cozy retreat for visitors seeking accommodation in the area. Each room is tastefully furnished and equipped with amenities to ensure a pleasant stay for guests, including a kitchenette in each room. Each guest room has its own outdoor entry and covered porch for convenience and pleasure, providing a sense of privacy and relaxation for guests. In addition to the restaurant, the guest house presents an additional revenue stream, catering to travelers, tourists, and those visiting the area for various purposes. With hospitality being a booming industry, owning both a restaurant and guest house provides diversified income opportunities. With 2.19 acres of land, ample parking space is available to accommodate both restaurant diners and guest house visitors, ensuring convenience for all. Whether you're an aspiring restaurateur looking for a turn-key business opportunity or an investor seeking a property with multiple income streams this offers the perfect blend!
Supplements: ********
More Information MLS# 1583088
Location Information
Street #: 121
Street Name: Fraser
Street Type: Avenue
County: Aroostook
Town: Madawaska
State/Province: ME
Zip Code: 04756
Zip +4: 1402
Leased Land: No
Book: 2264
Page: 191
Map: 6
Lot: 277-021
Zoning: Commercial
Zoning Overlay: Unknown
Full Tax Amount $: 5205
Tax Year: 2022
Association Y/N: No
Geo Lat: 47.355693
Geo Lon: -68.33293
Contract Information
Status: Active
Original List Price: 600000
List Price: $600,000
Current Price: $600,000
Property Information
Primary Use: Mixed Use
Surveyed: No
Deed/Conveyance Type Offered: Warranty
Deed: All
Year Built: 1925
Year Renovated +/-: 2017
Tenancy: Multiple Tenants
Leases: No
Total # Floors: 4
SqFt Finished Total: 5477
Lot Size Acres +/-: 2.19
Compensation & Misc Info
Buyer Agency: 2
Buyer Agency Type: %
Commercial Bldg Information
Confidentiality Statement: Yes
Property Features
Location: Downtown; Near Shopping
Construction: Wood Frame
Property Uses: Bar/Tavern/Lounge; Bed and Breakfast; Commercial; Executive Suites; Restaurant
Basement: Full; Unfinished
Exterior: Clapboard; Composition
Roof: Shingle
Heat System: Baseboard; Heat Pump; Hot Water; Multi-Zones
Heat Fuel: Oil
Cooling: Heat Pump
Floors: Concrete; Laminate; Wood
Accessibilitiy Amenities: Level Entry
Building Features: Cable; Fire System; Internet Access Available
Parking: 21+ Spaces; Garage; Gravel; Off Street; On Site; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Property Disclosure Public Access ›Listing Office: Realty of Maine
Last Updated: March - 13 - 2024
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