Madawaska, ME 04756 121 Fraser Avenue
$600,000
164 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 1605531
Presented By: Realty of Maine;
Interior Features for 121 Fraser Avenue
Bathrooms
Half Baths0
Total Baths5
Other Interior Features
Above Grade Finished Area5477.0
Air Conditioning Y/NYes
BasementFull, Interior Entry, Unfinished
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringWood, Laminate, Concrete
Heating Y/NYes
Total Stories3
General for 121 Fraser Avenue
AccessibilityLevel Entry
Additional Parcels Y/NNo
Architectural StyleColonial, Bed & Breakfast, Multi-Level, New Englander
Attached Garage No
Carport Y/NNo
CityMadawaska
Construction MaterialsComposition, Clapboard, Wood Frame
CoolingHeat Pump
CountyAroostook
ElectricCircuit Breakers
Electric On Property Y/NNo
Full Baths5
Garage Spaces1.0
Garage Y/NYes
Gross Income0.0
HeatingMulti-Zones, Hot Water, Heat Pump, Baseboard
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet108900.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
NumberOfUnitsTotal5
Operating Expense0.0
Patio/Porch FeaturesPorch
Property TypeMulti-Family
Rent Control Y/NNo
RoofRolled/Hot Mop, Shingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories3
Tax Annual Amount5205.0
Tax Lot277-021-20A
Tax Year2022
UtilitiesUtilities On, Pole
ViewTrees/Woods, Mountain(s), Scenic
View Y/NNo
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 FeaturesOpen Lot, Rolling Slope, Sidewalks, Landscaped, Intown, Near Shopping, Near Town, Neighborhood
Lot Size Acres2.5
Lot Size Area2.5
Lot Size SourcePublic Records
Open Parking Y/NNo
Parking Features21+ Spaces, Gravel, Paved, On Site, Detached, Off Street
Road Surface TypePaved
SpaNo
Water SourcePublic
Additional Details
Price History
Debbie Bodwell
Branch Manager