Skip main navigation
Active
  • $600,000

    121 Fraser Avenue, Madawaska, ME 04756

    5beds
    5,477sqft
    : 
    Multi Family
    Built in 1925
    -- sqft lot
    $-- Zestimate®
    $110/sqft
    $-- HOA

    What's special

    Dining furniturePrivate entranceOwn kitchenetteCovered porchCozy and private retreatFully equipped restaurantEssential kitchen appliances
    Welcome to a unique opportunity to own a thriving restaurant and charming 5-room guest house in the heart of Madawaska. This turn-key property is ideal for entrepreneurs and investors looking to step into an established business with immediate revenue potential. The fully equipped restaurant includes all essential kitchen appliances, dining furniture, and furnishings, enabling you to start operations seamlessly from day one. With a strong local reputation for quality cuisine and excellent service, the restaurant already enjoys a loyal customer base, attracting both residents and visitors. Located in a high-traffic area with great visibility, this restaurant benefits from consistent foot traffic, maximizing its income potential. Additionally, the delightful 5-room guest house offers a cozy and private retreat for visitors, each room thoughtfully furnished with its own kitchenette, private entrance, and covered porch. This guest house not only provides a relaxing experience for travelers but also serves as a valuable additional income stream. Set on 2.5 acres, the property includes ample parking to comfortably accommodate both restaurant patrons and guest house visitors. With the hospitality industry thriving, owning this restaurant and guest house combination offers diverse income possibilities and incredible growth potential. Whether you're an aspiring restaurateur looking for a turn-key operation or an investor seeking multiple revenue streams, this property presents the perfect blend of opportunity and charm! Also listed under #1620110
    2 days
    on Zillow
    |
    130
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 25, 2025 at 06:28am

    Listed by:

    NextHome Discover

    Source: Maine Listings,MLS#: 1620112MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 121 Fraser Avenue.

    Next available tour time:Today at 6pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Zoned, Hot Water, Heat Pump, Baseboard
    Cooling
    • Heat Pump
    Features
    • Storage
    • Flooring: Wood, Laminate, Concrete
    • Basement: Full,Unfinished
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 5,477
    • Total interior livable area: 5,477 sqft
    • Finished area above ground: 5,477
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 1
    • Parking features: 21+ Spaces, Gravel, Paved, On Site, Detached, Off Street
    • Garage spaces: 1
    Accessibility
    • Accessibility features: Level Entry
    Features
    • Levels: Multi/Split
    • Stories: 3
    • Patio & porch: Porch
    • Has view: Yes
    • View description: Trees/Woods, Scenic
    Lot
    • Size: 2.5 Acres
    • Features: Sidewalks, City Lot, Near Shopping, Near Town, Neighborhood
    Details
    • Additional structures: Shed(s)
    • Parcel number: MADAM006L0277
    • Zoning: HDR
    • Other equipment: Internet Access Available

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Multi Family
    Materials
    • Composition, Clapboard, Wood Frame
    • Foundation: Concrete Perimeter
    • Roof: Rolled/Hot Mop,Shingle
    Condition
    • Year built: 1925

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Madawaska

    Financial & listing details

    • Price per square foot: $110/sqft
    • Tax assessed value: $228,800
    • Annual tax amount: $5,205
    • Date on market: 4/24/2025
    • Road surface type: Paved
    • Loading
    • Loading