123-125 Cottage Street, Bar Harbor, ME 04609

$1,600,000

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Property Type: Commercial Square Footage: 7,000 Lot Size (sq. ft.): 6,098 Status: Closed

Current Price: $1,600,000 List Date: 10/14/2020 Last Modified: 1/05/2025

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.

Supplements: ********

More Information MLS# 1472813

Location Information

Book: 5883,2429 Leased Land: No Page: 72,333 Map: 104 Lot: 15 Association Y/N: No Street #: 123-125 Street Name: Cottage Street County: Hancock Town: Bar Harbor State/Province: ME Zip Code: 04609 Zoning: Downtown Village 2 Geo Lat: 44.388737 Geo Lon: -68.213454

Property Information

Primary Use: General Commercial Surveyed: Yes Lot Size Acres +/-: 0.14 SqFt Finished Total: 7000

Property Uses

Commercial: 1 Special Purpose: 1

Contract Information

Status: Closed Original List Price: 1925000 Sold Price: $1,600,000 Current Price: $1,600,000

Status Change Info

Pending Date: 2021-04-15 Closed Date: 2021-06-02 Closed Price: 1600000

Property Features

Property Uses: Commercial; Special Purpose

Documents

Property Disclosure Public Access ›

Listing Office: Compass Point Real Estate, Inc.

IDX

Last Updated: January - 05 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.

The Lakes Real Estate

123-125 Cottage Street, Bar Harbor, ME 04609 (MLS# 1472813)