Commercial for Sale: 196 US-1, Bucksport, ME 04416

$1,500,000
$1,500,000
196 US-1, Bucksport, ME 04416
$1,500,000
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Price:
$1,500,000
$250,000 - 08/14/2024

Type Commercial
Square Feet 18,044 sqft
Lot Size 9.05 acres
Year Built 1960
Taxes Paid $11,832

City Bucksport
County Hancock

MLS 1595472
Status Pending
DOM 126 days
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!

Room Features

Basement Description Dirt Floor, Unfinished

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $11,832

Price History of 196 US-1

Date Name Price Difference
08/14/2024 Price Adjustment $1,500,000 14.29%
07/02/2024 Listing Price $1,750,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 196 US-1, Bucksport, ME

Location Map Street View
Photo of Tamara Milliard
Tamara Milliard
Associate Broker
Direct: 207-752-2277
Office
14 York Street
York, ME 03909
207-363-4000
Listed by Two Rivers Realty, LLC, Douglas Burpee & Emily Wascholl 207-469-9930
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196 US-1 (MLS #1595472) is a commercial listing located in Bucksport, ME. This commercial listing is 18,044 sqft and on a lot of 394,218 sqft (or 9.05 acres) and is 64 years old. This property was listed on 08/17/2024 and has been priced for sale at $1,500,000.

Nearby zip codes are 04438, 04472, 04496, 04972 and 04981. This property neighbors other cities such as Orland, Prospect, Stockton Springs, Verona Island and Winterport.

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.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Two Rivers Realty, LLC

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.