196 US-1, Bucksport, ME 04416
$999,999.99
Property Type:
Commercial
Square Footage:
18,044
Lot Size (sq. ft.):
394,218
Status:
Closed
Current Price:
$999,999.99
List Date:
7/02/2024
Last Modified:
6/02/2025
Description
Explore the potential of this former motel and rental property located in the lively Downeast & Acadia Region. Conveniently positioned along Route 1 in Bucksport, this property is situated on the scenic coastal route linking Belfast and Bar Harbor, ensuring high visibility and tourist traffic. The property is situated across 9.05 acres of prime commercial acreage, with 18,044 square feet spread across 50 rooms. These rooms vary from single bed rooms to double bed rooms & includes apartments above the main lobby that could be used for owner or management use.
Currently vacant and ready for redevelopment, this property offers a compelling income-generating opportunity. Sold in its current condition it requires further renovation, providing investors with the chance to tailor and modernize it for maximum returns.
Recently named USA Today's #1 Best Coastal Small Town in 2021, the Bucksport downtown includes galleries, shopping, dining & the beautifully maintained waterfront walkway. Whether catering to visitors or appealing to locals, Bucksport's charm and coastal appeal are enduringly popular.
Don't miss out on this investment opportunity in one of Maine's most sought-after locations. Schedule a showing today to envision the potential that awaits!
Supplements: ********
More Information MLS# 1595472
Location Information
Book: 6881
Leased Land: No
Page: 705
Map: 2
Lot: 12
Association Y/N: No
Street #: 196
Street Name: US-1
County: Hancock
Town: Bucksport
State/Province: ME
Zip Code: 04416
Zip +4: 4124
Zoning: Commercial
Full Tax Amount $: 11832
Tax Year: 2023
Geo Lat: 44.569825
Geo Lon: -68.771718
Property Information
Primary Use: Investment
Surveyed: Yes
Deed/Conveyance Type Offered: Warranty
Deed: All
Lot Size Acres +/-: 9.05
Year Renovated +/-: 2023
Road Frontage +/-: 732
Total # Floors: 2
Year Built: 1960
SqFt Finished Total: 18044
Location
Downtown: 1
Near Shopping: 1
Water View: 1
Water Info
Water Frontage: No
Water View: Yes
Water Body Name: Eastern Channel
Source of Water Frontage
Public Records: 1
Property Uses
Bed & Breakfast: 1
Hotel/Motel: 1
Resort: 1
Water Body Type
Bay: 1
Construction
Wood Frame: 1
Basement
Dirt Floor: 1
Unfinished: 1
Foundation Materials
Block: 1
Other: 1
Exterior
Composition: 1
Roof
Metal: 1
Heat System
Baseboard: 1
Hot Water: 1
Other: 1
Heat Fuel
Electric: 1
Gas Bottled: 1
Cooling
None: 1
Floors
Carpet: 1
Laminate: 1
Wood: 1
Building Features
Cable: 1
Parking
21+ Spaces: 1
Garage: 1
Off Site: 1
On Site: 1
Paved: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: No
Gas
Bottled: 1
Sewer
Public Sewer: 1
Water
Public: 1
Sold Info
Appraiser Email Address: rwandalusian@fairpoint.net
Contract Information
Status: Closed
Original List Price: 1750000
Sold Price: $999,999.99
Current Price: $999,999.99
Status Change Info
Pending Date: 2024-10-16
Closed Date: 2025-05-07
Closed Price: 999999.99
Property Features
Location: Downtown; Near Shopping; Water View
Source of Water Frontage: Public Records
Water Body Type: Bay
Construction: Wood Frame
Property Uses: Bed & Breakfast; Hotel/Motel; Resort
Basement: Dirt Floor; Unfinished
Foundation Materials: Block; Other
Exterior: Composition
Roof: Metal
Heat System: Baseboard; Hot Water; Other
Heat Fuel: Gas Bottled
Cooling: None
Floors: Carpet; Laminate; Wood
Building Features: Cable
Parking: 21+ Spaces; Garage; Off Site; On Site; Paved
Electric: Circuit Breakers
Gas: Bottled
Sewer: Public Sewer
Water: Public
Documents
Deed Public Access ›
GIS Map ›
Listing Office:
Two Rivers Realty, LLC
IDX
Last Updated: June - 02 - 2025
Broker Attribution:
tworiversdougb@gmail.com
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.