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!
Active
Price cut: $19.1K (5/29)
$199,900
240 Main Street, Madawaska, ME 04756
6beds
1,845sqft
Est.:
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$108/sqft
$-- HOA
What's special
Commercial garageNew roofHigh-visibility location
- 147 days
- on Zillow |
- 231 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: June 07, 2025 at 11:33pm
Listed by:
Sell Your Home Services 888-219-3009
Source: Maine Listings,MLS#: 1616395

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Other, Heat Pump, Baseboard
Cooling
- Central Air
Appliances
- Laundry: Laundry - 1st Floor, Main Level, Washer Hookup
Features
- In-Law Apartment, 1st Floor Bedroom, Attic, One-Floor Living, Storage
- Flooring: Vinyl, Carpet
- Basement: Interior,Brick/Mortar
- Furnished: Yes
Interior area
- Total structure area: 1,845
- Total interior livable area: 1,845 sqft
- Finished area above ground: 1,845
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Storage Above, Heated, 1 - 4 Spaces, Concrete, Paved, Common, On Site, Other, Detached
- Garage spaces: 2
Features
- Levels: Multi/Split
- Patio & porch: Glass Enclosed, Porch, Screened
Lot
- Size: 0.82 Acres
- Features: Other Location, Corner Lot, Sidewalks, Near Shopping, Near Town, Neighborhood, Retail Strip
Details
- Zoning: Residential
- Other equipment: Internet Access Available
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Split Level,Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Frame
- Roof: Shingle
Condition
- Year built: 1930
Utilities & green energy
- Electric: Three Phase, On Site, Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Utilities On
Community & HOA
Location
- Region: Madawaska
Financial & listing details
- Price per square foot: $108/sqft
- Annual tax amount: $1,943
- Date on market: 5/19/2025
- Electric utility on property: Yes
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