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| Up North Realty Maine

121 Fraser Avenue, Madawaska, ME 04756

$600,000
Property Type: Commercial Square Footage: 5,477 Lot Size (sq. ft.): 108,900 Status: Active
Current Price: $600,000 List Date: 6/18/2026 Last Modified: 6/18/2026

Overview

Description

Exceptional opportunity to own a well-established restaurant and guest lodging business in the heart of Madawaska. Situated on approximately 2.5 acres, this turn-key commercial property offers multiple income streams and is ready for its next owner to step in and continue operations. The restaurant is fully equipped and includes the essential kitchen equipment, dining furnishings, and fixtures needed to operate from day one. Known for its welcoming atmosphere and strong community presence, the business benefits from excellent visibility, convenient access, and ample on-site parking for customers and guests. Complementing the restaurant is a charming 5-room guest house, with each room featuring its own private entrance, kitchenette, and covered porch. The guest accommodations provide flexibility for short-term travelers, seasonal visitors, or longer-term rental opportunities, creating additional revenue potential year-round. With an established reputation, a prime location, and ...

Listing Details MLS# 1667905

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
2264/2306
Page
191/17
Map
6
Lot
277-021-20A
Zoning
HDR
Zoning Overlay
Unknown
Full Tax Amount $
5205
Tax Year
2022
Tree Growth Y/N
No
Association Y/N
No

Contract Information

Original List Price
600000

Property Information

Primary Use
General Commercial
Surveyed
No
Deed/Conveyance Type Offered
Warranty
Deed
All
Year Built
1925
SqFt Finished Total
5477
Lot Size Acres +/-
2.5

More Information

Property Features

Location: Near Shopping Construction: Wood Frame Other Structures: Shed(s) Levels: Multi-Level Property Uses: Bar/Tavern/Lounge; Bed & Breakfast; Executive Suites; Hotel/Motel; Restaurant Basement: Full; Unfinished Foundation Materials: Poured Concrete Exterior: Clapboard; Composition Roof: Rolled/Hot Mop; Shingle Heat System: Baseboard; Heat Pump; Hot Water; Zoned Heat Fuel: Oil Cooling: Heat Pump Floors: Concrete; Laminate; Wood Building Features: Storage Parking: 21+ Spaces; Off Street; On Site; Paved Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
IDX
Listing Office: NextHome Discover
Last Updated: June - 18 - 2026
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.