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Listed by Crown Lakes Realty
$349,000
8,134 SqFt
UPDATED:
Key Details
Property Type Commercial Sale
Sub Type General Commercial
Listing Status Active
Square Footage 8,134 sqft
MLS Listing ID 1609741
HOA Y/N No
Originating Board Maine Listings
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type General Commercial
Property Description
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.
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.
Location
State ME
County Aroostook
Zoning Commercial
Rooms
Basement Walk-Out Access, Full
Interior
Heating Stove, Hot Water
Cooling None
Flooring Wood, Tile, Laminate
Exterior
Parking Features On Street
Utilities Available 1
View Y/N No
Roof Type Membrane,Metal
Building
Lot Description Downtown
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Structure Type Other Exterior
Others
Energy Description Pellets, Oil
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