Commercial for Sale: 986 State Highway 3, Bar Harbor, ME 04609

$3,750,000
$3,750,000
986 State Highway 3, Bar Harbor, ME 04609
$3,750,000
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Price:
$3,750,000

Type Commercial
Square Feet 8,782 sqft
Lot Size 22.06 acres
Year Built 1950
Taxes Paid $13,324

City Bar Harbor
County Hancock

MLS 1593516
Status Active
DOM 107 days
Eden Village Motel and Cottages is a thriving lodging business ideally located along the main throughway to Bar Harbor, near Acadia National Park, which sees 3-4 million seasonal visitors. This 22+ acre property features 21 units, offering a profitable opportunity for those interested in hospitality. The front 4 acres house all the building structures, with Eden Village boasting unique spacing between units. The property includes 11 unique private cottages and a 10-room motel strip, accommodating up to 89 guests across 47 beds. With nearly 90 years of history, Eden Village combines Downeast Maine's artistic charm with modern amenities. Guests love its peaceful setting just 7 miles out of town. Over seven seasons, the current local owners have significantly improved the units, and they are willing to assist new owners in maintaining profitability and operational excellence. Significant renovations include eight of the ten motel rooms, new roofs on nine cottages and the motel's front roof (completed in 2018), and sunrooms added to seven cottages. Six cottages have undergone major renovations, demonstrating the care and investment of over $700k in improvements since 2018. A 3-bedroom, 1.5-bathroom manager's house is ideal for personal use or staff housing, adding convenience for the owners. Under inspired ownership, Eden Village has seen consistent growth and offers a solid income-producing opportunity. The stunning Maine landscape provides tremendous potential for expansion, such as adding a glamping-style camping resort, subject to local and state zoning laws. For those looking to own and operate a successful business, Eden Village offers a unique opportunity with a proven track record. Embrace this chance to be part of Bar Harbor's vibrant tourism industry. Schedule a showing today and embark on a rewarding journey as the proud new owner of this remarkable property.

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $13,324

Price History of 986 State Highway 3

Date Name Price Difference
06/15/2024 Listing Price $3,750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 986 State Highway 3, Bar Harbor, ME

Location Map Street View
Photo of Terri Brunette
Direct: 603-964-7000
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Real Broker, Brandon Howland 207-272-3984
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6.75%
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986 State Highway 3 (MLS #1593516) is a commercial listing located in Bar Harbor, ME. This commercial listing is 8,782 sqft and on a lot of 960,934 sqft (or 22.06 acres) and is 74 years old. This property was listed on 06/15/2024 and has been priced for sale at $3,750,000.

Nearby zip codes are 04605, 04640 and 04660. This property neighbors other cities such as Hancock, Lamoine, Mount Desert and Trenton.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

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Listing information courtesy of: Real Broker

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.