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.
Active
Price cut: $50K (3/14)
$349,000
284 Main Street, Madawaska, ME 04756
6beds
8,134sqft
Est.:
Multi Family
Built in 1923
-- sqft lot
$-- Zestimate®
$43/sqft
$-- HOA
What's special
Two three bedroom apartments
- 128 days
- on Zillow |
- 174 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2025 at 11:36am
Listed by:
Crown Lakes Realty
Source: Maine Listings,MLS#: 1611352

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Stove, Hot Water
Cooling
- None
Features
- Flooring: Wood, Tile, Laminate
- Basement: Walk-Out Access,Full
Interior area
- Total structure area: 8,134
- Total interior livable area: 8,134 sqft
- Finished area above ground: 5,574
- Finished area below ground: 2,560
Property
Parking
- Parking features: No Driveway, On Street
- Has uncovered spaces: Yes
Lot
- Size: 4,356 Square Feet
- Features: Corner Lot, Sidewalks, City Lot, Near Shopping, Near Railroad
Details
- Zoning: Commercial
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Other Exterior, Masonry
- Foundation: Concrete Perimeter
- Roof: Membrane,Metal
Condition
- Year built: 1923
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Madawaska
Financial & listing details
- Price per square foot: $43/sqft
- Annual tax amount: $4,438
- Date on market: 12/18/2024
- Road surface type: Paved
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