Bar Harbor, ME 04609,123-125 Cottage Street
Bar Harbor, ME 04609,123-125 Cottage Street
Bar Harbor, ME 04609,123-125 Cottage Street
Bar Harbor, ME 04609,123-125 Cottage Street
Bar Harbor, ME 04609,123-125 Cottage Street
Bar Harbor, ME 04609,123-125 Cottage Street
See all 56 photos
Listed by Compass Point Real Estate, Inc.
Bought with Compass Point Real Estate, Inc. 

$1,600,000

$1,925,000

16.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

7,000 SqFt


SOLD DATE : 06/02/2021

Key Details

Sold Price $1,600,000

Property Type Commercial Sale

Sub Type General Commercial

Listing Status Sold

Square Footage 7,000 sqft

MLS Listing ID 1472813

Sold Date 06/02/21

HOA Y/N No

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type General Commercial

Source Maine Listings

Land Area 7000

Property Description

A unique property with endless possibilities: 4 luxury apartments in downtown Bar Harbor with garage and 10,000 sq. ft. of off street parking. The ability to rent seasonally or year round makes this property flexible in any market and could even be converted to condos with minimal effort. Currently rented seasonally as a luxury 8 bedroom, 8/2 bath home with a separate 3 bedroom/3 bath owner's apartment over the 5 car garage. This property has income potential of well over $100,000/year. Each floor has its own front and back entrance, full kitchen, laundry, living and dining area. Originally built in 1904 it has been expanded ,renovated and updated until 2019, and is in like new condition. All mechanical is new, featuring LP boilers, on demand water heaters and 16 heat pumps/AC units. These systems, along with modern windows and insulation ensure comfortable, economical living year round. Location is close to all in town amenities and all that Acadia National Park offers. Perfect for family reunions, weddings and other event based lodging. Definitely a must see for the discerning buyer or investor. Please view the virtual on line tour.

Location

State ME

County Hancock

Zoning Downtown Village 2

Exterior

View Y/N No

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Maine MLS (MREIS) IDX
Brandon Howland

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message