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
Active
$600,000
121 Fraser Avenue, Madawaska, ME 04756
5beds
5,477sqft
Est.:
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
- 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#: 1620112

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
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