Madawaska, ME 04756 240 Main Street

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Presented By: Sell Your Home Services; 888-219-3009
  • MLS# 1616395
  • 03/18/2025
  • Request Tour
  • Request Info
  • Baths • 3
  • SQFT • 1,845
  • Garage • 2

Home Details

Unique Investment Opportunity - Income-Generating Property with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space—all in one! Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business + rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work, and grow!
Presented By: Sell Your Home Services; 888-219-3009

Interior Features for 240 Main Street

Bathrooms

Half Baths0
Total Baths3

Other Interior Features

Above Grade Finished Area1845.0
Air Conditioning Y/NYes
BasementInterior, Brick/Mortar
Basement (Y/N)No
Below Grade Finished Area0.0
FlooringVinyl, Carpet
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesIn-Law Apartment, 1st Floor Bedroom, Attic, One-Floor Living, Storage
Laundry FeaturesLaundry - 1st Floor, Main Level, Washer Hookup

General for 240 Main Street

Additional Parcels Y/NNo
Architectural StyleSplit Level, Other
Attached Garage No
Carport Y/NNo
CityMadawaska
Construction MaterialsVinyl Siding, Wood Frame
CoolingCentral Air
CountyAroostook
ElectricThree Phase, On Site, Circuit Breakers
Electric On Property Y/NNo
Full Baths3
Garage Spaces2.0
Garage Y/NYes
Gross Income36000.0
HOANo
HeatingOther Heat System, Heat Pump, Baseboard
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet35719.2
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total4
Operating Expense6000.0
Patio/Porch FeaturesGlass Enclosed, Porch, Screened
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount1943.0
Tax Lot129
Tax Year2022
UtilitiesUtilities On
Year Built1930
ZoningResidential

Exterior for 240 Main Street

Building Area Total1845.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesOther Location, Corner Lot, Sidewalks, Near Shopping, Near Town, Neighborhood, Retail Strip
Lot Size Acres0.82
Lot Size Area0.82
Lot Size SourceSeller
Open Parking Y/NNo
Other EquipmentInternet Access Available
Parking FeaturesStorage Above, Heated, 1 - 4 Spaces, Concrete, Paved, Common, On Site, Other, Detached
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Malayka Harriman

Listing/Buyer Specialist
Price $199,900
MLS#1616395
List Date 03/18/2025
Property Type Multi-Family
Phone 207.891.1572
Request Tour
Request Info
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