Property profile

284 Main St Madawaska, ME 04756

FOR SALE
Banks
Property ID
US42-0303355
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

Situated in Madawaska, Maine, the property is a multi-use building on a 0.10+/- acre corner lot with approximately 50+/- ft of frontage on Main St and 85+/- ft of frontage on Bridge Ave, within walking distance of the Twin Rivers paper mill. Built in 1923, the 8,134+/- SF wood-framed, brick-faced structure is configured as a restaurant/tavern with two 3-bedroom apartments. The restaurant/tavern space includes a full commercial kitchen, dining area, bar, pool room, dance floor, storage area, and an office, along with two restrooms; the building contains four restrooms in total. Each apartment provides a kitchen/dining area, living room, one bathroom, and three bedrooms. Building features include a brick-faced exterior, thermal windows in aluminum frames, painted drywall interior walls, and a mix of painted wood, drywall, and drop ceilings. Flooring is cement, wood, and tile. The system is served by heat pumps and oil, with hot water heating and electric heat pumps for cooling. Security includes interior monitors, and the electrical service uses circuit breakers. Public water and sewer are connected, and the building is equipped with a sprinkler system. The building is four stories with a metal pyramid hipped roof, with 5,574+/- SF of above-grade finished area and 2,560+/- SF of below-grade finished area. The property is zoned commercial.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
APN MADA M:004 L:0015
UPID US42-0303355

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

284 Main St Madawaska, ME 04756
Madawaska metro Census 950300
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$55,000
5 recorded transactions
2025
$55,000
2024
$180,000
2020
Price N/A
2014
Price N/A
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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