Multi-Family for Sale: 284 Main Street, Madawaska, ME 04756

2 full baths
$439,000
$439,000
284 Main Street, Madawaska, ME 04756
2 full baths
$439,000
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Price:
$439,000

Type Multi-Family
Style Other Style
Total Baths 2 full baths
Square Feet 8,134 sqft
Lot Size 0.10 acres
Year Built 1923
Taxes Paid $4,438

City Madawaska
County Aroostook

MLS 1611352
Status Active
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.

Room Features

Basement Description Full, Walk-Out Access

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $4,438

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 3
Unit 1 of Rooms 4
Unit 2 Full Baths 1
Unit 2 of Bedrooms 3
Unit 2 of Rooms 4

Price History of 284 Main Street, Madawaska, ME

Date Name Price Difference
12/18/2024 Listing Price $439,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 284 Main Street, Madawaska, ME

Location Map Street View
Photo of Mitchell Zahn
Direct: 603-554-2051
Office
PO Box 101
Merrimack, NH 03054
603-787-3155
Listed by Crown Lakes Realty, Matthew Dechaine 207-436-8889
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20%
1.0111230068337%
6.75%
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284 Main Street (MLS #1611352) is a other style multi-family listing located in Madawaska, ME. This multi-family listing is 8,134 sqft and on a lot of 4,356 sqft (or 0.10 acres) and is 101 years old. This property was listed on 12/18/2024 and has been priced for sale at $439,000.

Nearby zip codes are 04745. This property neighbors other cities such as Frenchville.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Crown Lakes Realty

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.