735 Main StreetMadawaska, ME 04756MLS Number 1343904

  • Price: $499,000
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Federal 30-year interest rate: 4.75% last updated on Dec 6, 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
  • 2,017Tax Year
  • 11Map

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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The Swan Agency Sotheby's International Realty in Bar Harbor
The Swan Agency Sotheby's International Realty in Bar Harbor
43 Cottage St
PO Box 46
Bar Harbor,, ME 04609

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 Count3

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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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2018 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

The Swan Agency Sotheby's International Realty participates in MREIS' Maine Internet Data Exchange (Maine IDX) program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage 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.

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