123-125 Cottage Street

Bar Harbor, ME 04609

MLS ID# 1472813 Closed
General Commercial

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Closed $1,600,000

0.14 acres

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• Description
• Location Information
• Property Information
• Compensation & Misc Info
• Remarks
• Details

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. 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 ... show more

Location Information

• Street # 123-125
• Street Name Cottage Street
• County Hancock
• Town Bar Harbor
• State/Province ME
• Zip Code 04609
• Leased Land No
• Book 5883,2429
• Page 72,333
• Map 104
• Lot 15
• Zoning Downtown Village 2
• Tax ID 125CottageStreetBarHarbor04609
• Association Y/N No

Property Information

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

Compensation & Misc Info

• Buyer Agency 2%

Directions

Downtown Bar Harbor 123 and 125 Cottage Street.

Details

• Property Uses

  Commercial, Special Purpose

• Sold Info

  Buyer's Zip Code:33483, Appraiser:888888, Appraiser Name:No Appraisal

• Sold Terms

  Cash

• Sold Terms Other

  Not Applicable