Price Reduced 6.40%
Price History
$469,000
11/19/2024
$439,000
12/18/2024
284 Main Street, Madawaska, ME, 04756
8,134 sqft
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.
Status:
Active
Type:
Commercial
Zoning:
Commercial
Heating:
Stove, Hot Water
Cooling:
None
Basement:
Walk-Out Access, Full
Parking:
On Street
Acreage:
0.1
Construction
Other Exterior
Lot Description:
Downtown
MLS #:
1609741
Community Info
School Info
Walk Score
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Listing courtesy of Crown Lakes Realty