40 Cottage StreetBar Harbor, ME 04609MLS Number 1519627

  • Sale Price: $2,095,000
  • 189 Days Since Sale
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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40 Cottage Street Bar Harbor ME 04609
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  • 4,500Square Feet
  • 0.07Acreage
  • 2009Year Built

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First time on the market in over 30 years. This legendary Bar Harbor restaurant/tavern/entertainment locale is where many locals go to meet up, dine and socialize. ''The Whale,'' as locals fondly call it, has been locally owned and operated since the doors opened in 1988. A lively, friendly blend of visitors and locals, it is kid friendly by day and a hot spot for entertainment and fun at night. The business operations have been finely honed over the past 3 decades by the current owners. The building was completely torn down and rebuilt in 2008. Solar panels on the roof help reduce the electrical bills while heat pump/AC units keep the customers comfortable year-round. Property has been extremely well maintained over the years. A separate in-town, employee housing property is available for purchase with the restaurant for the combined price of $2.95M. Sellers to provide complete and thorough training to buyer(s). This property is the quintessential definition of a ''turn-key'' business with very strong, supportive underlying financials. Come stake your claim to being the next owner of this iconic local business and begin making plans to put your mark on this popular institution for the years to come !
Listed by Eden Realty

Sold by Eden Realty

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Basic Information

  • Documents Available Property Disclosure Public Access
  • Property Uses Bar/Tavern/Lounge, Commercial, Restaurant, Retail

Location

  • Address40 Cottage Street
  • Building Number40
  • CountyHancock
  • Latitude44.389333
  • Longitude-68.206259
  • StateME
  • StreetCottage Street
  • TownBar Harbor
  • Zip04609

Exterior

  • Exterior Siding
  • RoofPitched

Amenities

  • Cooling Heat Pump
  • Cooling YN Yes
  • Mls StatusClosed
  • Other AmenitiesBasement, Fireplace

Photos

  • Number of Photos7

Tax Information

  • Tax Book Number 3098
  • Tax Lot365
  • Tax Map Number 104
  • Tax Year 2021
  • Taxes$6,209

Building

  • BasementCrawl Space, Full, Sump Pump
  • Building ConstructionWood Siding, Wood Frame
  • FoundationConcrete Perimeter
  • Garage Spaces
  • Year Built2009

Interior

  • Flooring Wood

Property Information

  • Acreage0.07
  • Lot Features Near Shopping
  • Lot Size Square Feet 3,049
  • Lot Size Units Acres
  • Square Feet4,500

Legal

  • ZoningDT VILLAGE I

Parking

  • Parking Features Other, On Street

Basic Information

  • Agent ID011366
  • Broker ID2272
  • Broker NameEden Realty
  • List Price$2,500,000
  • LocationTypeBusiness District, Downtown, Near Shopping
  • MLS Number1519627
  • Modification Date03/22/2023
  • Property SubTypeGeneral Commercial
  • Sale Date03/20/2023
  • Sale Price$2,095,000

Utilities

  • Electric Circuit Breakers, Photovoltaics Seller Owned
  • Gas Bottled
  • Heat SystemHeat Pump, Electric, Oil
  • Heating FuelElectric, Oil
  • Heating YN Yes
  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed02/13/2022
  • View Count152
Compass Point Real Estate

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Compass Point Real Estate
Office: 207-374-5300
75 Main Street
PO Box 52
Blue Hill, ME 04614

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Compass Point Real Estate participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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