196 US-1 Bucksport, ME

$1,500,000
Square Footage 18,044
Acres 9.05
Photo of 196 US-1 Bucksport ME 04416




Description

Explore the potential of this former motel and rental property located in the lively Downeast & Acadia Region. Conveniently positioned along Route 1 in Bucksport, this property is situated on the scenic coastal route linking Belfast and Bar Harbor, ensuring high visibility and tourist traffic. The property is situated across 9.05 acres of prime commercial acreage, with 18,044 square feet spread across 50 rooms. These rooms vary from single bed rooms to double bed rooms & includes apartments above the main lobby that could be used for owner or management use. Currently vacant and ready for redevelopment, this property offers a compelling income-generating opportunity. Sold in its current condition it requires further renovation, providing investors with the chance to tailor and modernize it for maximum returns. Recently named USA Today's #1 Best Coastal Small Town in 2021, the Bucksport downtown includes galleries, shopping, dining & the beautifully maintained waterfront walkway. Whether catering to visitors or appealing to locals, Bucksport's charm and coastal appeal are enduringly popular. Don't miss out on this investment opportunity in one of Maine's most sought-after locations. Schedule a showing today to envision the potential that awaits!


Listed by Two Rivers Realty, LLC, Douglas Burpee & Emily Wascholl 207-469-9930

Details

MLS 1595472
Status Pending
Price $1,500,000
DOM 229 days
Type Commercial
Square Feet 18,044 sqft
Lot Size 9.05 acres
Year Built 1960
Taxes Paid $11,832

Lot & Building Features

Cooling None
Tax Year 2023
Taxes Paid $11,832

Room Details

Basement Description Dirt Floor, Unfinished

Map

Get Directions

Financing

$
20%
0.7888%
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.


Browse By Area