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$600,000 Just Listed
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Property Description
Exceptional opportunity to own a well-established restaurant and guest lodging business in the heart of Madawaska. Situated on approximately 2.5 acres, this turn-key commercial property offers multiple income streams and is ready for its next owner to step in and continue operations. The restaurant is fully equipped and includes the essential kitchen equipment, dining furnishings, and fixtures needed to operate from day one. Known for its welcoming atmosphere and strong community presence, the business benefits from excellent visibility, convenient access, and ample on-site parking for customers and guests. Complementing the restaurant is a charming 5-room guest house, with each room featuring its own private entrance, kitchenette, and covered porch. The guest accommodations provide flexibility for short-term travelers, seasonal visitors, or longer-term rental opportunities, creating additional revenue potential year-round. With an established reputation, a prime location, and the ability to generate income from both hospitality and lodging operations, this property presents a rare investment opportunity in Northern Maine. Whether you're looking to expand your business portfolio, pursue a hospitality venture, or invest in a property with diverse earning potential, this unique offering deserves a closer look. Schedule your private showing today and explore the possibilities.
Full Property Details
Full Property Details for 121 Fraser Ave
General
- Price: $600,000
- Taxes: $5,205 (2022)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1667905
- Updated: 6/18/2026
- Added to Site: 4 day(s) ago
Business
- Business Type: Bed & Breakfast, Hotel/Motel, Restaurant, Executive S
Interior
- Interior Features: Storage
- Flooring: Concrete, Laminate, Wood
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved, Off Street
Location
- County: Aroostook
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Electric, Oil, Baseboard, Heat Pump, Hot Water, Zoned
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Clapboard, Composition
- Basement: Yes
- Basement Desc.: Full, Unfinished
- Roof: Rolled/Hot Mop, Shingle
- Square Feet: 5,477
- Year Built: 1925
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 2.5
- Lot Size (Sq. Ft.): 108,900
- Zoning: HDR
- Lot Description: Near Shopping
Financial Considerations
- Tax Amount: $5,205
- Tax Year: 2022
Disclosures and Reports
- Lot Number: 277-021-20A
Listed by NextHome Discover (207) 762-6398
Get Pre-Approved Today
Schools
Schools serving 121 Fraser Ave
School District:Madawaska
| Name | Grades | Distance |
|---|---|---|
Madawaska Elementary School 353 11th Avenue, Madawaska, ME 04756 | PK-6 | 1.2 mi |
Madawaska Middle/High School 135 7th Avenue, Madawaska, ME 04756 | 7-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 Fraser Ave
Date
Details
Price
Change
Source
6/18/2026
Listed
$600,000
100%
MLS
3/10/2023
Sold
$300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 121 Fraser Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$143
3%
$6,300
—
2021
$139
-3%
$6,300
—
2020
$144
-1%
$6,300
—
2019
$146
—
$6,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 Fraser Ave
121 Fraser Avenue, Madawaska, ME 04756 (MLS# 1667905) is a Commercial property. 121 Fraser Avenue is currently listed for $600,000 and was received on June 18, 2026. Want to learn more about 121 Fraser Avenue? Do you have questions about finding other Commercial real estate for sale in Madawaska? You can browse all Madawaska real estate or contact a Coldwell Banker agent to request more information.

