250 Main St, Madawaska, ME 04756-1819
This exceptional commercial property, located at 250 Main Street in the heart of Madawaska, Maine, presents a fantastic investment opportunity. The 3,600 square foot building sits on a 0.11-acre lot and currently houses a diverse mix of businesses: a church, a beauty salon, a one-bedroom apartment, and an efficiency apartment. This provides immediate rental income and established clientele. The versatile layout offers significant potential for expansion and diversification. A sizable basement storefront area is available for lease, providing an additional opportunity to generate revenue. Furthermore, a dedicated garage space is ideal for a repair shop or similar business, adding another revenue stream. The property's prime downtown location offers unparalleled convenience, with easy walkability to all that Madawaska has to offer. The potential for four separate businesses operating within this single building makes this a truly unique and lucrative investment. The asking price of $150,000 represents a compelling value for this multi-faceted commercial property with its existing income streams and high growth potential. Don't miss this chance to acquire a thriving commercial property in a desirable Maine town.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.