For Sale
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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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