Description
Prime Multi-Use Building in the Heart of Downtown Madawaska! Endless possibilities await with this versatile multi-use building situated in the bustling heart of downtown Madawaska! Whether you're an investor seeking strong income potential or an entrepreneur ready to establish your business, this property offers a prime location, ample space, and multiple revenue streams. The main level features over 850 sq. ft. of highly visible retail or commercial space with excellent downtown exposure and steady foot traffic. Ideal for retail, office space, café, or a variety of service-based businesses. Recently, the first level also underwent renovations including the addition of a brand-new 1-bedroom, 1-bathroom apartment at the rear of the building, creating even more income potential. This unit offers modern updates, its own heat pump, and separate utilities, allowing the tenant to pay their own heating and electricity costs. The upper levels include two additional residential units. The second floor offers a spacious 3-bedroom apartment perfect for owner-occupancy or rental income. The third floor features a cozy 1-bedroom unit with great rental potential. Additional features include a partially finished basement providing excellent dry storage space, as well as convenient rear garage door access for easy loading and unloading. Mixed-use zoning allows for flexible commercial and residential opportunities, making this an ideal property for investors or owner-operators alike. This property is a rare find in Madawaska's thriving downtown district--maximize your investment with multiple rental streams while operating your own business or leasing out the commercial space. Don't miss this unique opportunity! Contact me today for more details or to schedule your private showing.
Details
| MLS # | 1655147 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 157 |
| Listing Provided By | NextHome Discover | Mindy Braley |
Features
| Bath(s) | 4 Total |
|---|---|
| SQ Feet | 2,915 |
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | Commercial |
| Acreage | 0.08 |
Interior
| Interior Features | Storage |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Heat Pump |
| Amenities Co Amenities | Storage |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Rolling/Sloping, Sidewalks, Intown, Near Shopping |
| Construction Materials | Vinyl Siding, Brick, Masonry, Wood Frame |
| Exterior Co Exterior | Brick, Vinyl Siding |
| Patio And Porch Features | Porch |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | 1 - 4 Spaces, Common, Off Street |
Utilities
| Utilities | Utilities On, Pole |
|---|---|
| Sewer | Public Sewer |
| Electric | Circuit Breakers |
Taxes
| Tax Annual Amount | 1829 |
|---|---|
| Tax Book Number | 1656 |
| Tax Year | 2022 |
| Tax Lot | 26 |
| Tax Map Number | 4 |
Area Information
| State | ME |
|---|---|
| County | Aroostook |
| City | Madawaska |
| Zip Code | 04756 |
| Area | Aroostook |
| Listing VS Median (in 04756) | |
Price: $215,000 low | high Med: $152,900 sqft: 2,915 low | high Med: 1,548 $ / sqft: $74 low | high Med: $99 On site: 157 low | high Med: 75 | |
Market Activity 04756
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Learn More About This Property
| State | ME |
|---|---|
| County | Aroostook |
| City | Madawaska |
| Zip Code | 04756 |
| Area | Aroostook |
| Listing VS Median (in 04756) | |
Price: $215,000 low | high Med: $152,900 sqft: 2,915 low | high Med: 1,548 $ / sqft: $74 low | high Med: $99 On site: 157 low | high Med: 75 | |
