Madawaska, ME 04756 121 Fraser Avenue
$600,000
180 more
Presented By: Realty of Maine;
Home Details
Welcome to a unique opportunity to own a thriving restaurant and charming 5-room guest house in the heart of Madawaska. This turn-key property is ideal for entrepreneurs and investors looking to step into an established business with immediate revenue potential. The fully equipped restaurant includes all essential kitchen appliances, dining furniture, and furnishings, enabling you to start operations seamlessly from day one. With a strong local reputation for quality cuisine and excellent service, the restaurant already enjoys a loyal customer base, attracting both residents and visitors. Located in a high-traffic area with great visibility, this restaurant benefits from consistent foot traffic, maximizing its income potential. Additionally, the delightful 5-room guest house offers a cozy and private retreat for visitors, each room thoughtfully furnished with its own kitchenette, private entrance, and covered porch. This guest house not only provides a relaxing experience for travelers but also serves as a valuable additional income stream. Set on 2.5 acres, the property includes ample parking to comfortably accommodate both restaurant patrons and guest house visitors. With the hospitality industry thriving, owning this restaurant and guest house combination offers diverse income possibilities and incredible growth potential. Whether you're an aspiring restaurateur looking for a turn-key operation or an investor seeking multiple revenue streams, this property presents the perfect blend of opportunity and charm! Also listed under 1605542
Presented By: Realty of Maine;
Interior Features for 121 Fraser Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull, Unfinished
Basement (Y/N)No
FlooringWood, Laminate, Concrete
Heating Y/NYes
General for 121 Fraser Avenue
AccessibilityLevel Entry
Additional Parcels Y/NNo
Building FeaturesFire System
Business TypeBar/Tavern/Lounge, Commercial, Executive Suites, Restaurant, Bed and Breakfast
Carport Y/NNo
CityMadawaska
Construction MaterialsComposition, Clapboard, Wood Frame
CoolingHeat Pump
CountyAroostook
ElectricCircuit Breakers
Electric On Property Y/NNo
Garage Y/NYes
HOANo
HeatingMulti-Zones, Hot Water, Heat Pump, Baseboard
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet95396.4
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal5
Property SubtypeMixed Use
Property TypeCommercial Sale
Rent Control Y/NNo
RoofShingle
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories4
Tax Annual Amount5205.0
Tax Lot277-021-20A
Tax Year2022
Virtual TourClick here
Waterfront Y/NNo
Year Built1925
ZoningHDR
Exterior for 121 Fraser Avenue
Building Area Total5477.0
Crops Included Y/NNo
Foundation DetailsConcrete Perimeter
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesDowntown, Near Shopping
Lot Size Acres2.19
Lot Size Area2.19
Open Parking Y/NNo
Other EquipmentInternet Access Available, Cable
Parking FeaturesGravel, 21+ Spaces, On Site, Paved, Off Street
Water SourcePublic
Additional Details
Price History
Morgan Camplin
Loan Officer