735 Main StreetMadawaska, ME 04756MLS Number 1343904

  • Price: $499,000
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Federal 30-year interest rate: 4.63% last updated on Dec 13, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 633Acreage
  • 1960Year Built

The Gateway Motel is awaiting a new owner/operator that can bring this legacy establishment to its full potential! Fresh and complete renovation in 2014 of this 24 unit motel with 4 additional apartments or long term suites. Oh did we mention the fully equipped restaurant, bar and event center? Renovation included new roofs, paint, sidewalks, water/sewer lines, electrical, bathrooms, flooring and the list goes on. Easy to heat! Tastefully decorated. Brand new entryway connecting motel to restaurant/bar and front desk. Rent the 4 established apartments for consistent cashflow, live in the 3 bedroom attached home, and operate the facility to its fullest potential. An additional 6 rooms in the rear of the building could become apartments or additional overflow rooms. Location enjoys strong Route 1 visibility with a weekly traffic count of 24,000 and close proximity to the Canadian Border/ and heavily travelled Trans Canada highway. ITS trail access! Potential for growth is strong!

Listed by RE/MAX County

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Coldwell Banker American Heritage Real Estate
Coldwell Banker American Heritage Real Estate
Office: 207-942-6773
510 Broadway
Bangor, ME 04401

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More Info

Location Information

  • Building Number735
  • StreetMain Street

Building

  • BasementDirt Floor, Full, Partial, Unfinished, Walkout Access
  • Maximum Floor Capacity120
  • Year Built1960
  • FoundationBlock, Poured Concrete
  • Building ConstructionWood Frame
  • RoofMembrane, Metal

Exterior

  • ExteriorBrick, Composition, Metal Clad, Vinyl Siding, Wood Siding

Amenities

  • Amenities36+ Inch Doors, Level Entry, Ramped Main Level

Tax Information

  • Tax Year2,017

Location

  • StateME
  • TownMadawaska
  • Zip04756
  • LocationRural, Suburban
  • CountyAroostook
  • Map11

Property

  • Acreage633
  • Sq Ft Finished Total14324
  • Traffic Count3400
  • Leased LandNo

Property Information

  • Property UsesHotel/Motel
  • Zoning OverlayUnknown

Photos

  • Number of Photos33
  • Last Img Trans Date11/13/2018

Other

  • Parking Spaces21+ Spaces, On Site, Paved
  • View Count1

Basic Information

  • List Price$499,000
  • MLS Number1343904
  • Address735 Main Street
  • Broker NameRE/MAX County
  • Modification Date12/10/2018
  • StatusACT
  • Agent ID016162
  • Broker ID2089

Interior

  • Ceiling Height10
  • FloorsCarpet, Concrete, Laminate, Tile

Utilities

  • Heat SystemBaseboard, Hot Water, Multi-Zones, Other
  • Heating FuelOil, Other Heat Fuel
  • Waste Water DisposalPublic Sewer
  • WaterPublic, Well Existing on Site
  • CoolingA/C Units
  • ElectricCircuit Breakers
  • GasBottled

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Experience says it all: