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Bean Group
Offered at $600,000Active
beds
—
baths
0
sq ft
5,477
Built
1925

121 Fraser Avenue

Madawaska, ME 04756

About this home

Exceptional opportunity to own a well-established restaurant and guest lodging business in the heart of Madawaska. Situated on approximately 2.5 acres, this turn-key commercial property offers multiple income streams and is ready for its next owner to step in and continue operations. The restaurant is fully equipped and includes the essential kitchen equipment, dining furnishings, and fixtures needed to operate from day one. Known for its welcoming atmosphere and strong community presence, the business benefits from excellent visibility, convenient access, and ample on-site parking for customers and guests. Complementing the restaurant is a charming 5-room guest house, with each room featuring its own private entrance, kitchenette, and covered porch. The guest accommodations provide flexibility for short-term travelers, seasonal visitors, or longer-term rental opportunities, creating additional revenue potential year-round. With an established reputation, a prime location, and the ability to generate income from both hospitality and lodging operations, this property presents a rare investment opportunity in Northern Maine. Whether you're looking to expand your business portfolio, pursue a hospitality venture, or invest in a property with diverse earning potential, this unique offering deserves a closer look. Schedule your private showing today and explore the possibilities.

Listing last checked: Listing updated:

Listed by Listing Agent · NextHome Discover · MLS #1667905

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Details at a glance

Interior3 property facts
Heating
Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
Cooling
Heat Pump
Flooring
Concrete, Laminate, Wood
Building4 property facts
Style
General Commercial
Year built
1925
Foundation
Poured Concrete
Roof
Rolled/Hot Mop, Shingle
Land & utilities4 property facts
Lot size
2.5 acres
Water
Public
Sewer
Public Sewer
Zoning
HDR
Financial2 property facts
Annual taxes
$5,205
Assessment year
2022

Location

Estimated monthly cost

Explore costs at the $600,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$3,468 / monthAdjust
Principal & interest
$3,034
Property tax
$434
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $5,205. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 121 Fraser Avenue

Can I request a private showing?

Request a tour of 121 Fraser Avenue and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.