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$3,200,000
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Property 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.
Full Property Details
Full Property Details for 986 State Hwy 3
General
- Sold For: $3,200,000
- Taxes: $13,324 (2023)
- Status: Closed
- Type: Commercial
- Source: MREIS
- MLS ID: 1593516
- Added to Site: 583 day(s) ago
Business
- Business Type: Commercial, Hotel/Motel
Additional Information
- Equipment: Internet Access Available
Parking
- Parking Features: 21 or More Spaces, On-Site Parking
Location
- County: Hancock
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Heat Pump, Forced Air
Utilities
- Sewer: Septic Tank, Private Sewer
- Water: Well, Private, Public
- Well: Yes
Structural Information
- Construction: Wood Siding, Vinyl Siding, Wood Frame
- Roof: Metal, Shingle
- Building Size: 8782
- Square Feet: 8,782
- Living Area: 8,782 Sq. Ft.
- Year Built: 1950
Lot Features
- Lot Size (Acres): 22.06
- Lot Size (Sq. Ft.): 960,933.6
- Zoning: Commercial
- Lot Description: Waterfront, Near Airport
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $13,324.67
- Tax Year: 2023
Disclosures and Reports
- Lot Number: 54
Listed by Real Broker (207) 272-3984
Sold by Better Homes & Gardens Real Estate/The Masiello Group (207) 266-9125
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Schools
Schools serving 986 State Hwy 3
School Districts:Bar Harbor, Mount Desert Community School District
| Name | Grades | Distance |
|---|---|---|
Conners-Emerson School 11 Eagle Lake Road, Bar Harbor, ME 04609 | K-8 | 6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 986 State Hwy 3
Date
Details
Price
Change
Source
3/07/2025
Sold
$3,200,000
-14.67%
MLS
6/15/2024
Listed
$3,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
986 State Highway 3, Bar Harbor, ME 04609 (MLS# 1593516) is a Commercial property that was sold at $3,200,000 on March 07, 2025. Want to learn more about 986 State Highway 3? Do you have questions about finding other Commercial real estate for sale in Bar Harbor? You can browse all Bar Harbor real estate or contact a Coldwell Banker agent to request more information.

