Bar Harbor, ME 04609,986 State Highway 3
Bar Harbor, ME 04609,986 State Highway 3
Bar Harbor, ME 04609,986 State Highway 3
110
Listed by Real Broker • brandonhowlandrealtor@gmail.com
Bought with Better Homes & Gardens Real Estate/The Masiello Group
$3,200,000
$3,750,000
14.7%
Est.Price: ?

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8,782 SqFt

986 State Highway 3 Bar Harbor, ME 04609

SOLD DATE : 03/07/2025

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Key Details

Sold Price $3,200,000

Property Type Commercial Sale

Sub Type General Commercial

Listing Status Sold

Square Footage 8,782 sqft

MLS Listing ID 1593516

Sold Date 03/07/25

HOA Y/N No

Originating Board Maine Listings

Year Built 1950

Annual Tax Amount $13,324

Tax Year 2023

Lot Size 22.060 Acres

Acres 22.06

Property Sub-Type General Commercial

Property Description

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.

Location

State ME

County Hancock

Zoning Commercial

Interior

Heating Heat Pump, Forced Air

Cooling Heat Pump

Equipment Internet Access Available

Exterior

Parking Features 21+ Spaces, On Site

Waterfront Description Pond

View Y/N No

Roof Type Metal,Shingle

Building

Lot Description Water Frontage, Near Airport

Sewer Private Sewer, Septic Existing on Site

Water Private, Public, Well

Structure Type Wood Siding,Vinyl Siding,Wood Frame

Others

Restrictions Unknown

Energy Description Propane, Oil, Electric, Gas Bottled

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Maine MLS (MREIS) IDX

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