Skip to content
Bean Group
Offered at $49,900Active
beds
—
baths
2
sq ft
2,112
Built
1931

445 Main Street

Madawaska, ME 04756

About this home

INVESTMENT OPPORTUNITY - PRICED TO SELL! Looking for an affordable investment property with plenty of potential? This versatile, fully vacant building presents an opportunity for investors, entrepreneurs, or buyers looking for a property they can make their own! The second floor features a two-bedroom apartment with an additional room currently used for laundry that could potentially serve as a third bedroom. The apartment has benefited from renovations, including an updated bathroom approximately four years ago. The main level previously operated as a hair salon and still features the hair-washing stations and existing plumbing, along with a break room and bathroom. This space could potentially be reopened as a salon, repurposed for another business, or converted into an additional residential unit, subject to necessary permits and approvals. With the entire building currently vacant, the next owner has the flexibility to begin planning renovations or improvements without having to work around existing tenants. The property has been priced accordingly to reflect known structural issues with the foundation, making this an opportunity for buyers prepared to address the necessary repairs. Whether you're looking to establish a business, create rental income, or renovate for future investment potential, this property is worth a look. Bring your ideas and explore the possibilities!

Listing last checked: Listing updated:

Listed by Listing Agent · NextHome Discover · MLS #1685997

Request property information

Select a document to start a request. You can add others in the form. Availability varies.

Details at a glance

Interior4 property facts
Heating
Electric, Oil, Baseboard, Hot Water
Cooling
Heat Pump
Flooring
Laminate
Fireplaces
0
Building5 property facts
Style
Other
Year built
1931
Garage
0
Foundation
Block
Roof
Shingle
Land & utilities4 property facts
Lot size
0.06 acres
Water
Public
Sewer
Public Sewer
Zoning
Commercial
Financial2 property facts
Annual taxes
$1,269
Assessment year
2022

Location

Estimated monthly cost

Explore costs at the $49,900 asking price. Adjust the assumptions to your situation.

Known monthly costs$358 / monthAdjust
Principal & interest
$252
Property tax
$106
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $1,269. 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.

Explore more of Madawaska

Continue your search in Madawaska.

Need help making sense of this home?

About 445 Main Street

Can I request a private showing?

Request a tour of 445 Main Street 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.