Bought with Realty of Maine
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Key Details
Sold Price $300,000
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Sold
Square Footage 5,477 sqft
MLS Listing ID 1526342
Sold Date 03/10/23
HOA Y/N No
Originating Board Maine Listings
Year Built 1925
Annual Tax Amount $5,034
Tax Year 2021
Lot Size 2.500 Acres
Acres 2.5
Property Description
Poised to celebrate its Centennial Anniversary, the Fraser Mansion in Madawaska has a legacy of elegance and splendor. It was built to house and entertain prestigious guests, from business associates to Senators to Governors. It has been updated and modernized extensively, being last used as a guest house with gourmet restaurant and accompanying pub. The restaurant has a 50 seat capacity, with much more room available on the patios and lawns. The restaurant has a well built commercial kitchen, kept very clean with new appliances. The pub is set up with its own wet bar and coolers, with bathrooms in between it and the dining area. Five gorgeous suites on levels 2 and 3 bring in a consistent income, each with their own bathrooms and kitchenette. All suites have access to the wrap around porch with appropriate fire escapes. Plenty of parking is available on this spacious 2.5 acre lot. The South end of the lawns once housed a helipad for the aforementioned visitors. On the corner lies a large one car garage. The full basement currently has the laundry, and also houses the water softener, hot water boiler, and servant's quarters. Plenty of storage available down here as well. Now is your chance to run a bustling hospitality business in an historical building. Call for more information today!
Location
State ME
County Aroostook
Zoning HDR
Direction Starting at the Madawaska Post Office, head West on Main St (Route 1) for .25 miles. Turn left onto 11th avenue. Take your third right onto Acadia St, and drive .25 miles to the end of Acadia St. Property is at the end.
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Heat Pump
Flooring Wood, Vinyl, Tile
Exterior
Garage 5 - 10 Spaces, On Site
View Y/N No
Roof Type Shingle
Parking Type 5 - 10 Spaces, On Site
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Composition,Clapboard,Wood Frame
Others
Energy Description Oil
Financing Other
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Paul Rondeau
Broker Associate | License ID: BA923327
Broker Associate License ID: BA923327