224 Main Street Bar Harbor, ME

$2,000,000
Baths 4
Square Footage 3,565
Acres 0.09
Photo of 224 Main Street Bar Harbor ME 04609




Description

Downtown commercial real estate on a corner lot could be split up to make two lots, one with the duplex (a 5-bed/2 bath upstairs unit with views of the Village Green, and a 2-bed/1.5 bath flat on the first floor), and the other half is the former site of a popular deli, now a detached garage with one empty bay, and some remaining infrastructure from the commercial kitchen with washable walls, tile floors, updated electrical, and a water/sewer connection with grease interceptor. Zoning permits ALL bed-and-breakfasts and retail uses, restaurants and bars, galleries, artist studios, office buildings, a bonus dwelling unit, shared accommodations without parking requirements, and more. Investments could include adding more dwelling units to the existing duplex, and pursuing new construction or renovating the other half of the property for commercial purposes (it has the garage/kitchen plus appx. 450' sq ft of recreation space / vacant land abutting Main St). Or consider dividing and keep one half, sell the other half. This site offers guaranteed foot traffic with sixty feet frontage on Main, and sixty-five feet frontage on Atlantic. The area is surrounded by street parking and stable long term enterprises. The property has three private parking spaces behind the duplex and the available spot in the empty garage bay. One possibility is to expand up, adding more dwelling units above the garage.


Listed by Lynam Real Estate Agency, Peter Collier 207-288-3334

Details

MLS 1587909
Status Active
Price $2,000,000
DOM 211 days
Type Multi-Family
Style Duplex, Multi-Level
Total Baths 3 full, 1 half baths
Square Feet 3,565 sqft
Lot Size 0.09 acres
Year Built 1900
Taxes Paid $6,933

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $6,933

Room Details

Basement Description Exterior Only, Unfinished, Full

Unit Features

Unit 1 Full Baths 1
Unit 1 of Bedrooms 2
Unit 1 of Half Baths 1
Unit 1 of Rooms 4
Unit 2 Full Baths 2
Unit 2 of Bedrooms 8
Unit 2 of Rooms 6

Map

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Financing

$
20%
0.34665%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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