Active
986 State Highway 3
Bar Harbor ME, 04609
$3,750,000
Active
8,782 sqft
Commercial
Built in 1950
Courtesy of Real Broker
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.
1593516
MLSⓇ ID
June 15, 2024
Listed
October 15, 2024
Updated
Map
986 State Highway 3
Bar Harbor ME, 04609
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Heat Pump, Forced Air
Exterior/Building Features
Lot Size
22.06 Acres
Lot Features
Water Frontage, Near Airport
Roof
Metal, Shingle
Sewer
Private Sewer, Septic Existing on Site
Other Property Details
Taxes
$13,325
Tax Frequency
Annually
Garage
No
Parking
21 Spaces, On Site
View
No
County
Hancock
Water Source
Private, Public, Well
Pool
No
Waterfront
Yes
Zoning
Commercial
Listing Contact: [email protected]
Courtesy of Real Broker
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Laura Farr shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:19 AM UTC, 10/15/2024