$600,000

Est. Mortgage $0/mo *

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121 Fraser Avenue, Madawaska, ME, 04756

121 Fraser Avenue, Madawaska, ME, 04756
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5 Full baths

1925

Colonial, Bed & Breakfast, Multi-Level, New Englander

5,477 sqft

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

Status:

Active

Type:

Multi-family

Units:

5

Zoning:

HDR

Garage:

1-car

Heating:

Multi-Zones, Hot Water, Heat Pump, Baseboard

Cooling:

Heat Pump

Basement:

Full, Interior Entry, Unfinished

Levels:

3

Parking:

21+ Spaces, Gravel, Paved, On Site, Detached, Off Street

Acreage:

2.5

Est. Taxes:

$5,205

Construction

Composition, Clapboard, Wood Frame

Utilities

Utilities On, Pole

Lot Description:

Open Lot, Rolling Slope, Sidewalks, Landscaped, Intown, Near Shopping, Near Town, Neighborhood

View Description:

Trees/Woods, Mountain(s), Scenic

MLS #:

1605542

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Realty of Maine