121 Fraser Avenue

Madawaska, ME 04756

MLS ID# 1583088 Active
Mixed Use

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$600,000

2.19 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Details
• Virtual Tour 1

Description

Welcome to an incredible opportunity to own a fully established restaurant along with a charming 5-room guest house, all nestled in the heart of Madawaska. This turn-key property presents a rare chance for entrepreneurs and investors alike to step into a thriving business with immediate revenue potential. The restaurant comes complete with all necessary equipment and furnishings, allowing for seamless operations from day one. From kitchen appliances to dining area furniture, everything is in place for the new owner to start serving customers immediately. Benefit from an already established customer base drawn to the exceptional dining experience offered by this restaurant. With a reputation for quality cuisine and excellent service, you can step into a business that is already beloved by locals and visitors alike. Situated in a high-traffic area, the restaurant enjoys excellent visibility and accessibility, further enhancing its revenue potential. The 5-room guest house exudes charm and comfort, offering a cozy retreat for visitors seeking accommodation in the area. Each room is tastefully furnished and equipped with amenities to ensure a pleasant stay for guests, including a kitchenette in each room. Each guest room has its own outdoor entry and covered porch for convenience and pleasure, providing a sense of privacy and relaxation for guests. In addition to the restaurant, the guest house presents an additional revenue stream, catering to travelers, tourists, and those visiting the area for various purposes. With hospitality being a booming industry, owning both a restaurant and guest house provides diversified income opportunities. With 2.19 acres of land, ample parking space is available to accommodate both restaurant diners and guest house visitors, ensuring convenience for all. Whether you're an aspiring restaurateur looking for a turn-key business opportunity or an investor seeking a property with multiple income streams this offers the perfect blend! Welcome to an incredible opportunity to own a fully established restaurant along with a charming 5-room guest house, all nestled in the heart of Madawaska. This turn-key property presents a rare chance for entrepreneurs and investors alike to step i... show more

Location Information

• Street # 121
• Street Name Fraser
• Street Type Avenue
• County Aroostook
• Town Madawaska
• State/Province ME
• Zip Code 04756
• Zip +4 1402
• Leased Land No
• Book 2264
• Page 191
• Map 6
• Lot 277-021
• Zoning Commercial
• Zoning Overlay Unknown
• Tax ID MADA-000006-000000-000277
• Full Tax Amount 5205
• Tax Year 2022
• Association Y/N No

Property Information

• Primary Use Mixed Use
• Surveyed No
• Deed/Conveyance Type Offered Warranty
• Deed All
• Year Built - 1925
• Year Renovated +/- 2017
• Tenancy Multiple Tenants
• Leases No
• Total # Floors 4
• SqFt Finished Total 5477
• Lot Size Acres +/- 2.19

Compensation & Misc Info

• Buyer Agency 2%

Details

• Commercial Bldg Information

  Confidentiality Statement

• Construction

  Wood Frame

• Property Uses

  Bar/Tavern/Lounge, Bed and Breakfast, Commercial, Executive Suites, Restaurant

• Basement

  Full, Unfinished

• Exterior

  Clapboard, Composition

• Roof

  Shingle

• Heat System

  Baseboard, Heat Pump, Hot Water, Multi-Zones

• Heat Fuel

  Electric, Oil

• Cooling

  Heat Pump

• Floors

  Concrete, Laminate, Wood

• Accessibilitiy Amenities

  Level Entry

• Building Features

  Cable, Fire System, Internet Access Available

• Parking

  21+ Spaces, Garage, Gravel, Off Street, On Site, Paved

• Electric

  Circuit Breakers

• Gas

  Bottled

• Sewer

  Public Sewer

• Water

  Public