Bought with Compass Point Real Estate, Inc.
$1,600,000
$1,925,000
16.9%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
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