735 Main StreetMadawaska, ME 04756Sale Price: $650,000

Up for sale is the re-invented Gateway Motel in Madawaska! Includes over 5 acres of prime land that abuts the snowmobile and ATV trails, just outside the town of Madawaska. Business has been great since new management took over, and now they are looking to retire. Take a look at this property, providing the most sought-after amenity these days--Housing! The property features: A single family owner's dwelling with 4 bedrooms, busy 4,287 square foot restaurant, renovated lounge and bar, 8 long term apartment, 12 nightly/weekly motel rooms in various configurations, and 5 suites--4 King suites and one Honeymoon suite. Restaurant and kitchen come with most of the equipment! Ovens, tables, chairs, prep tables, etc. It is currently set up as two dining areas with 149 seats, lounge, kitchen, food prep areas, hotel reception area and bathrooms. Laundry area and office are adjoined to the kitchen and reception desk. In fact, most of this area has been renovated since 2014. Eight rooms are on the second floor over the restaurant, for a total 2,381 square feet. These have also been recently renovated. There are six additional units in the rear, currently being used as storage units. These are not currently counted as habitable units or included in the square footage. For those worrying about high energy costs, have no fear! Thanks to the biomass boiler in it's own outbuilding, which is highly efficient and fully automated, it is surprisingly affordable to heat and provide domestic hot water. Madawaska is in need of housing, and this building has potential to add more units! A great income producer for a buyer with the right vision. -Income and expense report available with signed confidentiality agreement. Up to 100 additional abutting acres available for purchase.