Bought with Two Rivers Realty, LLC
$1,000,000
$1,500,000
33.3%For more information regarding the value of a property, please contact us for a free consultation.
18,044 SqFt
SOLD DATE : 05/07/2025
Key Details
Sold Price $1,000,000
Property Type Commercial Sale
Sub Type Investment
Listing Status Sold
Square Footage 18,044 sqft
MLS Listing ID 1595472
Sold Date 05/07/25
HOA Y/N No
Originating Board Maine Listings
Year Built 1960
Annual Tax Amount $11,832
Tax Year 2023
Lot Size 9.050 Acres
Acres 9.05
Property Sub-Type Investment
Property 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!
Location
State ME
County Hancock
Zoning Commercial
Rooms
Basement Dirt Floor, Unfinished
Interior
Heating Other, Hot Water, Baseboard
Cooling None
Flooring Wood, Laminate, Carpet
Equipment Cable
Exterior
Parking Features 21+ Spaces, Off Site, On Site, Paved
Utilities Available 1
Waterfront Description Bay
View Y/N No
Roof Type Metal
Garage Yes
Building
Lot Description Water View, Downtown, Near Shopping
Story 2
Foundation Block, Other
Sewer Public Sewer
Water Public
Structure Type Composition,Wood Frame
Others
Energy Description Electric, Gas Bottled
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