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$695,000 -$55,000 (-7.33%) Price Reduced
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Property Description
The Gateway Motel presents a rare value-add lodging opportunity in the heart of Maine's St. John Valley. The property includes 33 rentable guest rooms, an on-site restaurant with a full commercial kitchen, and an attached 3-bedroom owner's residence, offering convenience and operational efficiency for an owner-operator. An additional 12 units are not currently rentable, requiring full renovation-providing meaningful upside for a buyer looking to expand room count and reposition the asset. The property benefits from excellent visibility, ample parking, and several demand drivers in the region, including outdoor recreation and local workforce travel. While current operations are limited, the Gateway Motel offers a solid foundation for new ownership to modernize, rebrand, and capture the area's lodging needs.
Full Property Details
Full Property Details for 735 Main St
General
- Price: $695,000
- Taxes: $15,208 (2022)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1643748
- Updated: 4/29/2026
- Added to Site: 166 day(s) ago
Business
- Business Type: Hotel/Motel, Restaurant, Other
Parking
- Parking Features: 21 or More Spaces, On-Site Parking, Paved
Location
- County: Aroostook
Structural Information
- Roof: Metal
- Building Size: 16772
- Square Feet: 16,772
- Living Area: 16,772 Sq. Ft.
- Year Built: 1959
Lot Features
- Lot Size (Acres): 5.13
- Lot Size (Sq. Ft.): 223,462.8
- Zoning: Rural Farm & Forest
- Lot Description: Other Location
Financial Considerations
- Tax Amount: $15,208
- Tax Year: 2022
Disclosures and Reports
- Lot Number: 43
Listed by Keller Williams Realty (207) 879-9800
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Schools
Schools serving 735 Main St
School District:Madawaska
| Name | Grades | Distance |
|---|---|---|
Madawaska Elementary School 353 11th Avenue, Madawaska, ME 04756 | PK-6 | 1.6 mi |
Madawaska Middle/High School 135 7th Avenue, Madawaska, ME 04756 | 7-12 | 0.6 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 735 Main St
Date
Details
Price
Change
Source
4/29/2026
Price Reduced
$695,000
-7.33%
MLS
3/24/2026
Price Reduced
$750,000
-11.76%
MLS
11/17/2025
Listed
$850,000
—
MLS
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 735 Main St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$284
—
$12,500
—
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 735 Main St
735 Main Street, Madawaska, ME 04756 (MLS# 1643748) is a Commercial property. 735 Main Street is currently listed for $695,000 and was received on November 17, 2025. Want to learn more about 735 Main Street? 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.

