121 Fraser Avenue
Madawaska, ME 04756
$600,000
Price
5
Beds
5
Baths
5,477 Sq. Ft.
$110 / Sq. Ft.
5,477
Sq. Ft.
$110
per Sq. Ft.
Description
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,...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
- Listed by Mindy Braley • Realty of Maine
Property Details for 121 Fraser Avenue
Waterfront
No
ArchitecturalStyleColonial, Bed & Breakfast, Multi-Level, New Englander
Garage Spaces1.00
GarageYes
ZoningHDR
ViewTrees/Woods, Mountain(s), Scenic
LISTING UPDATED: 11/16/2024 05:06 PM
Property Details for 121 Fraser Avenue
| Status | Active |
|---|---|
| MLS # | 1605542 |
| Days on Market | 77 |
| Taxes | $5,205 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1925 |
| Lot Size | 2.50 AC / 108,900 SF |
| County | Aroostook County |
Building Information for 121 Fraser Avenue
Stories3Residences5Year Built1925Building Size-Lot Size2.50 AC / 108,900 SF
Property Information for 121 Fraser Avenue
Summary
Location and General Information
- Road Surface Type: Paved
- Zip Code: 1402
- Directions: From Main Street Madawaska, take 12th Ave and take the first right. At the end of that road is Dubois Restaurant!
- Town: Madawaska
- State/Province: ME
- Zip Code: 04756
- County: Aroostook
- Geo Latitude: 47.35554
- Geo Longitude: -68.332437
- Tax Lot: 277-021-20A
- Site:Open: Yes
- Site:Rolling/Sloping: Yes
- Site:Sidewalks: Yes
- Site:Well Landscaped: Yes
- Location:Intown: Yes
- Location:Near Shopping: Yes
- Location:Near Town: Yes
- Location:Neighborhood: Yes
Parking
- Parking Features: 21+ Spaces, Gravel, Paved, On Site, Detached, Off Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 2264/2306
- Tax Map Number: 6
- Tax Year: 2022
- Parcel Number: MADA-000006-000000-000277
- Location Information:Association Y/N: No
- Tax Annual Amount: $5,205.00
Virtual Tour
- Virtual Tour URLUnbranded: https://www.propertypanorama.com/instaview/mreis/1605542
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
- Water Heater:Oil: Yes
Lot Information
- SqFt Finished Below Grade: 0.0
- SqFt Finished Above Grade: 5477.0
- Lot Size Acres: 2.5
- Source of Acreage: Public Records
- Building Area Total: 5477.0
- Lot Size Area: 2.5
- Lot Size Units: Acres
- Lot Size Square Feet: 108900.0
- Bathrooms Full: 5
- Bathrooms Half: 0
- Street Number: 121
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Deed/Conveyance Type Offered: Warranty
- Property Information:Total Half Baths: .00
Parking
- Driveway:Gravel: Yes
- Driveway:Paved: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1925
Utilities
- Electric: True
- Sewer: Yes
- Water Source: Public
- Utilities:Pole: Yes
- Utilities:Utilities On: Yes
- Gas:Bottled: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Composition, Clapboard, Wood Frame
- Vehicle Storage:1 Car: Yes
- Vehicle Storage:Detached: Yes
- Roof: Rolled/Hot Mop, Shingle
- Patio and Porch Features:Porch: Yes
Interior Features
- Basement: Full, Interior Entry, Unfinished
- Flooring: Wood, Laminate, Concrete
- Cooling: Heat Pump
- Heating: Multi-Zones, Hot Water, Heat Pump, Baseboard
- Foundation Details: Concrete Perimeter
- Accessibility Features: Level Entry
- # Stories: 3
- # Floors: 3
- Bathrooms Total (Integer): 5
- Bathrooms Total (Decimal): 5.00
- Bathrooms Total (Notational): 5.00
- Cooling YN: Yes
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $.00
- Operating Expenses: $.00
Multi-Family Information
- Number of Units: 5
- Building Info:# Stories: 3
- Building Info:# Floors: 3
- Building Info:# Heating Units: 9
- Building Info:# Water Heaters: 1
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: Second
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 2.00
- Unit 1:# of Bedrooms: 1.00
- Unit 1:Dedicated Electric Meter: No
- Unit 1:Dedicated Gas Meter: No
- Unit 1:Dedicated Water Heater: No
- Unit 1:Electric: Yes
- Unit 1:Heat: Yes
- Unit 1:Range: No
- Unit 1:Refrigerator: Yes
- Unit 1:Sewer: Yes
- Unit 1:Water: Yes
Unit 2
- Unit 2:Lease: No
- Unit 2:Level: Second
- Unit 2:Security Deposit: No
- Unit 2:Monthly Rent: $.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 1.00
- Unit 2:# of Bedrooms: 1.00
- Unit 2:Dedicated Electric Meter: No
- Unit 2:Dedicated Gas Meter: No
- Unit 2:Dedicated Water Heater: No
- Unit 2:Electric: Yes
- Unit 2:Heat: Yes
- Unit 2:Range: No
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit 3
- Unit 3:Lease: No
- Unit 3:Level: Second
- Unit 3:Security Deposit: No
- Unit 3:Monthly Rent: $.00
- Unit 3:# Full Baths: 1.00
- Unit 3:# Half Baths: .00
- Unit 3:# of Rooms: 1.00
- Unit 3:# of Bedrooms: 1.00
- Unit 3:Dedicated Electric Meter: No
- Unit 3:Dedicated Gas Meter: No
- Unit 3:Dedicated Water Heater: No
- Unit 3:Electric: Yes
- Unit 3:Heat: Yes
- Unit 3:Range: No
- Unit 3:Refrigerator: Yes
- Unit 3:Sewer: Yes
- Unit 3:Water: Yes
Unit 4
- Unit 4:Lease: No
- Unit 4:Level: Second
- Unit 4:Security Deposit: No
- Unit 4:Monthly Rent: $.00
- Unit 4:# Full Baths: 1.00
- Unit 4:# Half Baths: .00
- Unit 4:# of Rooms: 1.00
- Unit 4:# of Bedrooms: 1.00
- Unit 4:Dedicated Electric Meter: No
- Unit 4:Dedicated Gas Meter: No
- Unit 4:Dedicated Water Heater: No
- Unit 4:Electric: Yes
- Unit 4:Heat: Yes
- Unit 4:Range: No
- Unit 4:Refrigerator: Yes
- Unit 4:Water: Yes
Unit 5
- Unit 5:Lease: No
- Unit 5:Level: Third
- Unit 5:Security Deposit: No
- Unit 5:Monthly Rent: $.00
- Unit 5:# Full Baths: 1.00
- Unit 5:# Half Baths: .00
- Unit 5:# of Rooms: 1.00
- Unit 5:# of Bedrooms: 1.00
- Unit 5:Dedicated Electric Meter: No
- Unit 5:Dedicated Gas Meter: No
- Unit 5:Dedicated Water Heater: No
- Unit 5:Electric: Yes
- Unit 5:Heat: Yes
- Unit 5:Range: No
- Unit 5:Refrigerator: Yes
- Unit 5:Sewer: Yes
- Unit 5:Water: Yes
Unit Information
- Units:# of 1 BD Units: 5
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 0
- Units:# of 4+ BD Units: 0
Property History for 121 Fraser Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 121 Fraser Avenue
Taxable ValueLand$6,300Additions-Total$6,300
Tax Record2022$143 ($12 / month)
Home Facts
CountyAROOSTOOKAPNMADA M:006 L:020A
Schools near 121 Fraser Avenue
This home is within Madawaska Public Schools.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Madawaska Elementary School PublicPK to 6 | ||
Madawaska Middle/High School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Realty of Maine
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2022 Maine Real Estate Information System, Inc. All Rights Reserved.
