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  • Price cut: $50K (3/14)
    $349,000

    284 Main Street, Madawaska, ME 04756

    6beds
    8,134sqft
    : 
    Multi Family
    Built in 1923
    -- sqft lot
    $-- Zestimate®
    $43/sqft
    $-- HOA

    What's special

    Two three bedroom apartments
    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.
    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#: 1611352MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 284 Main Street.

    Next available tour time:Today at 2:30pm

    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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