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240 Main Street, 
Madawaska, ME 04756

$199,900


Bed


3

Baths


1,845

Sq Ft


Multi-Family

Active

Listed by

Daniel Demers

Sell Your Home Services

Last updated:

June 27, 2025, 04:08 PM

MLS#

1616395

Source:

ME MREIS

About This Home

240 Main Street

Unique Investment Opportunity - Income-Generating Property with Commercial Garage! Prime Location in Madawaska, ME - Across from Tim Hortons! This versatile property offers an opportunity for a business owner, investor, or entrepreneur looking for a home, income stream, and commercial space—all in one! Commercial Garage (2,000 Sq. Ft.) can be turned into more rental apartments. Ideal for a new business, workshop, or storage facility Two 14' roll-up doors for large vehicles, trucks, or equipment 220V power for heavy-duty operations Cement floor with floor drain for easy maintenance New roof (3 years ago) for worry-free ownership High-visibility location across from Tim Hortons - strong foot & vehicle traffic Multi-Unit Residential - Current rental Income but will be selling Unfurnished. One 3-bedroom unit & one 1-bedroom unit - already generating rental income Strong rental history - perfect for passive income or expansion. Live & Work on Site! Bonus 2-bedroom unit in the back, currently occupied by property managers (who pay $650/month or work off rent by cleaning). Perfect for an owner occupant! Live in the 2-bedroom while running your business in the garage & managing rental income. Why This Property? Dual-income potential - commercial business + rentals High-traffic location - prime exposure for businesses Flexible use - live, rent, or expand your business No zoning headaches - ready for multiple uses This is a rare, all-in one investment opportunity that offers multiple streams of income and a place to live, work, and grow!

Home Facts

Multi-Family

3 Baths

Built in 1930

Price Summary

199,900

$108 per Sq. Ft.

MLS #:

1616395

Last Updated:

June 27, 2025, 04:08 PM


Rooms & Interior

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,845 Sq. Ft.


Structure

Structure

Building Area:

1,845 Sq. Ft.

Year Built:

1930


Lot

Lot Size (Sq. Ft):

35,719


Finances & Disclosures

Finances

Price:

$199,900

Price per Sq. Ft:

$108 per Sq. Ft.

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MREIS Multiple Listing Service™ system Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2023 Maine Real Estate Information System, Inc. All Rights Reserved

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