986 State Highway 3 Bar Harbor, ME

$3,750,000
Square Footage 8,782
Acres 22.06
Photo of 986 State Highway 3 Bar Harbor ME 04609




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.


Listed by Real Broker, Brandon Howland 207-272-3984

Details

MLS 1593516
Status Active
Price $3,750,000
DOM 182 days
Type Commercial
Square Feet 8,782 sqft
Lot Size 22.06 acres
Year Built 1950
Taxes Paid $13,324

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $13,324

Map

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Financing

$
20%
0.35532453333333%
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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