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224 Main Street, Bar Harbor, ME 04609

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For Sale

$2,000,000

3 baths1 half baths3,565 sqft

Estimated Payment

$      /mo.

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $561.01
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Opportunity knocks at this downtown duplex on a corner lot with huge commercial potential, and potential may even exist to divide the lot. Two A-Class apartments include a 5-bed/2 bath upstairs unit with views of the Village Green, and a 2-bed/1.5 bath crib on the first floor, both successful short term rentals. The other half of the property is the former site of a popular deli and the detached garage has one empty bay, and the other converted into a commercial kitchen with washable walls, tile floors, updated electrical, and a water/sewer connection with grease interceptor. Zoning permits ALL bed-and-breakfasts and retail uses, restaurants and bars, galleries, artist studios, office buildings, a bonus dwelling unit, shared accommodations without parking requirements, and more. Good potential to add a unit or more to the existing duplex, while pursuing new construction or renovating the other half of the lot for commercial purposes (it has the garage/kitchen plus appx. 450' sq ft of recreation space / vacant land abutting Main St). This site offers guaranteed foot traffic with sixty feet frontage on Main, and sixty-five feet frontage on Atlantic. The area is surrounded by street parking and stable long term enterprises. The property has three private parking spaces behind the duplex and the available spot in the empty garage bay. One possibility is to expand up, adding more dwelling units above the garage.
MLS# 1587909

Courtesy Of Lynam Real Estate
227 Main Street, Bar Harbor, ME 04609
(207) 288-3334

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    Heat Pumps
  • Exterior Type
    Wood
  • Floor Covering
    Carpet, Tile, Vinyl, Wood
  • Heating System
    Baseboard, Heat Pump, Hot Water, Radiant, Radiator
  • Lot Size
    0.09 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Full Bath, Half Bath

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