284 Main Street
Madawaska, ME 04756
$439,000
Price
6
Beds
2
Baths
8,134 Sq. Ft.
$54 / Sq. Ft.
8,134
Sq. Ft.
$54
per Sq. Ft.
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,...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.
- Listed by Matthew Dechaine • Crown Lakes Realty
Property Details for 284 Main Street
Waterfront
No
ArchitecturalStyleOther Style
GarageNo
ZoningCommercial
LISTING UPDATED: 12/18/2024 04:20 PM
Property Details for 284 Main Street
| Status | Active |
|---|---|
| MLS # | 1611352 |
| Days on Market | 1 |
| Taxes | $4,439 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1923 |
| Lot Size | 0.10 AC / 4,356 SF |
| County | Aroostook County |
Building Information for 284 Main Street
Stories-Residences2Year Built1923Building Size-Lot Size0.10 AC / 4,356 SF
Property Information for 284 Main Street
Summary
Location and General Information
- Road Surface Type: Paved
- Directions: On Main Street in Madawaska next to the Old Bridge Street.
- Town: Madawaska
- State/Province: ME
- Zip Code: 04756
- County: Aroostook
- Geo Latitude: 47.356353
- Geo Longitude: -68.328984
- Tax Lot: 15
- Site:Corner Lot: Yes
- Site:Sidewalks: Yes
- Location:Intown: Yes
- Location:Near Railroad: Yes
- Location:Near Shopping: Yes
Parking
- Parking Features: No Driveway, On Street
- Attached Garage: No
Taxes and HOA Information
- Tax Book Number: 2311
- Tax Map Number: 4
- Tax Year: 2023
- Parcel Number: 284MainStreetMadawaska04756
- Location Information:Association Y/N: No
- Tax Annual Amount: $4,438.83
Property
Heating and Cooling
- Water Heater:Off Heating System: Yes
Lot Information
- SqFt Finished Below Grade: 2560.0
- SqFt Finished Above Grade: 5574.0
- Lot Size Acres: 0.1
- Source of Acreage: Public Records
- Building Area Total: 8134.0
- Lot Size Area: 0.1
- Lot Size Units: Acres
- Lot Size Square Feet: 4356.0
- Bathrooms Full: 2
- Bathrooms Half: 0
- Street Number: 284
- Property Information:Surveyed: No
- Property Information:Seasonal: No
- Property Information:Total Half Baths: .00
Parking
- Driveway:No Driveway: Yes
Property and Assessments
- Leased Land: No
- Property Type: Multi-Family
- Property Type Label: Multi-Family
- Year Built: 1923
Utilities
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water Source: Public
- Utilities:Utilities On: Yes
- Gas:No Gas: Yes
Interior and Exterior Features
Exterior Features
- Construction Materials: Other Exterior, Masonry
- Vehicle Storage:No Vehicle Storage: Yes
- Roof: Membrane, Metal
Interior Features
- Basement: Walk-Out Access, Full
- Flooring: Wood, Tile, Laminate
- Cooling: None
- Heating: Stove, Hot Water
- Foundation Details: Concrete Perimeter
- Bathrooms Total (Integer): 2
- Bathrooms Total (Decimal): 2.00
- Bathrooms Total (Notational): 2.00
- Cooling YN: No
- Heating YN: Yes
Multi Family
Income & Expenses Information
- Gross Income: $16,800.00
- Operating Expenses: $.00
Multi-Family Information
- Number of Units: 2
Unit 1
- Unit 1:Lease: No
- Unit 1:Level: Second
- Unit 1:Security Deposit: No
- Unit 1:Monthly Rent: $700.00
- Unit 1:# Full Baths: 1.00
- Unit 1:# of Half Baths: .00
- Unit 1:# of Rooms: 4.00
- Unit 1:# of Bedrooms: 3.00
- 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: Yes
- 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: $700.00
- Unit 2:# Full Baths: 1.00
- Unit 2:# Half Baths: .00
- Unit 2:# of Rooms: 4.00
- Unit 2:# of Bedrooms: 3.00
- 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: Yes
- Unit 2:Refrigerator: Yes
- Unit 2:Sewer: Yes
- Unit 2:Water: Yes
Unit Information
- Units:# of 1 BD Units: 0
- Units:# of 2 BD Units: 0
- Units:# of 3 BD Units: 2
- Units:# of 4+ BD Units: 0
Property History for 284 Main Street
| 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 284 Main Street
Taxable ValueLand$15,900Additions$157,000Total$172,900
Tax Record2022$3,933 ($328 / month)
Home Facts
StyleFinancial BuildingCountyAROOSTOOKAPNMADA M:004 L:0015
Schools near 284 Main Street
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 Crown Lakes Realty
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.
