284 Main Street,Madawaska, ME 04756
Madawaska, ME 04756
Description
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.
Details
| MLS# | 1609741 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 159 |
| Listing Provided By | Crown Lakes Realty | Matthew Dechaine |
Features
| SQ Feet | 8,134 |
|---|---|
| Basement | Y |
| Zoning | Commercial |
| Acreage | 0.10 |
Market Activity 04756
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Learn More About This Property
| State | ME |
|---|---|
| County | Aroostook |
| City | Madawaska |
| Zip Code | 04756 |
| Listing VS Median (in 04756) | |
Price: $349,000 low | high Med: $147,700 SqFt: 8,134 low | high Med: 1,822 $ / SqFt: $43 low | high Med: $81 On site: 159 low | high Med: 4.000000 | |