284 Main Street, Madawaska, ME 04756
$333,300
Property Type:
Commercial
Square Footage:
8,134
Lot Size (sq. ft.):
4,356
Status:
Active
Current Price:
$333,300
List Date:
11/19/2024
Last Modified:
5/14/2025
Description
Strong investment opportunity in Downtown Madawaska. Large multi-use building is comprised of two three bedroom apartments and a commercial restaurant and bar space which is currently operating and profitable. Sale includes said restaurant and bar with all furniture, fixtures, and equipment. The layout is spread over five floors, with the two apartments on the fourth and fifth levels, with the restaurant on the maine floor and two basement levels. Basement consists of kitchens, storage, extra restrooms, and a couple of walk out entrances to Bridge Street. The lowest, furthest back basement section could easily be converted into a garage with direct access to the building.
Monthly rental income from tenants and restaurant is $4,400. The Main Street location is right in the middle of it all, with the Twin Rivers Paper Mill and all of its employees just behind it and Party du Main Street right in front every year. Good location, solid tenants and a business, and a building that can become anything you need it to. FULLY SPRINKLED and Fire Marshall Compliant. Pre Qualified buyers can call to arrange tours of the property.
Supplements: ********
More Information MLS# 1609741
Location Information
Street #: 284
Street Name: Main
Street Type: Street
County: Aroostook
Town: Madawaska
State/Province: ME
Zip Code: 04756
Leased Land: No
Book: 2311
Page: 209
Map: 4
Lot: 15
Zoning: Commercial
Association Y/N: No
Geo Lat: 47.356357
Geo Lon: -68.328974
Contract Information
Status: Active
Original List Price: 469000
List Price: $333,300
Current Price: $333,300
Property Information
Primary Use: General Commercial
Surveyed: No
SqFt Finished Total: 8134
Lot Size Acres +/-: 0.1
Water Info
Water Frontage: No
Water View: No
Utilities
Utilities On: Yes
Property Features
Location: Downtown
Property Uses: Bar/Tavern/Lounge; Commercial; Flex; Office Building; Restaurant; Retail
Basement: Full; Walk-Out Access
Foundation Materials: Poured Concrete
Exterior: Other Exterior
Roof: Membrane; Metal
Heat System: Hot Water; Stove
Heat Fuel: Oil; Pellets
Cooling: None
Floors: Laminate; Tile; Wood
Parking: On Street
Electric: Circuit Breakers
Gas: No Gas
Sewer: Public Sewer
Water: Public
Tax Bill ›
Tax Map ›Listing Office: Crown Lakes Realty
Last Updated: May - 14 - 2025
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.