986 State Highway 3Bar Harbor, ME 04609MLS Number 1593516

  • Price: $3,750,000
  • 85 Days on Market
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Federal 30-year interest rate: 6.35% last updated on Sep 5, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • 8,782Square Feet
  • 22.06Acreage
  • 1950Year Built

Driving Directions

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.
Listed by Real Broker (brandonhowlandrealtor@gmail.com)

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More Info

Basic Information

  • Attribution Contact brandonhowlandrealtor@gmail.com
  • Documents Available Deed Public Access, Lead Paint Addendum Members Only, Property Disclosure Public Access, Other Public Access 1
  • Property Uses Commercial, Hotel/Motel

Building

  • Building ConstructionWood Siding, Vinyl Siding, Wood Frame
  • Year Built1950

Exterior

  • Exterior Vinyl Siding
  • RoofMetal, Shingle

Property Information

  • Acreage22.06
  • Lot Features Water Frontage, Near Airport
  • Lot Size Area 22
  • Lot Size Square Feet 960,933
  • Lot Size Units Acres
  • Square Feet8,782

Other

  • Date Listed06/15/2024
  • Recreational Water Nearby
  • View Count38

Tax Information

  • Tax Book Number 6878
  • Tax Lot54
  • Tax Map Number 206
  • Tax Year 2023
  • Taxes$13,324

Location

  • Address986 State Highway 3
  • Building Number986
  • CountyHancock
  • Latitude44.430342
  • Longitude-68.321408
  • StateME
  • StreetState Highway 3
  • TownBar Harbor
  • Zip04609

Amenities

  • Cooling Heat Pump
  • Cooling YN Yes
  • Mls StatusActive
  • Other AmenitiesFireplace, Waterfront, Water View
  • Other Equipment Internet Access Available

Photos

  • Number of Photos110

Parking

  • Parking Features 21+ Spaces, On Site

Basic Information

  • Agent ID021749
  • Broker ID3377
  • Broker NameReal Broker
  • List Price$3,750,000
  • LocationTypeNear Airport, Water Frontage
  • MLS Number1593516
  • Modification Date09/05/2024
  • Property SubTypeGeneral Commercial

Utilities

  • Electric Circuit Breakers
  • Heat SystemHeat Pump, Forced Air
  • Heating FuelElectric, Gas Bottled, Oil, Propane
  • Heating YN Yes
  • Sewer Private Sewer, Septic Existing on Site
  • Water Source Private, Public, Well

Water Body

  • Water Body TypePond
  • Water Info Water Frontage Yes
  • WaterfrontYes
  • Waterfront Features Pond
Compass Point Real Estate
Compass Point Real Estate
Office: 207-374-5300
75 Main Street
PO Box 52
Blue Hill, ME 04614

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Compass Point Real Estate participates in ©2024 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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