Price Reduced 14.29%

$1,500,000

Pending

Est. Mortgage $0/mo *

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Price History

$1,750,000
7/2/2024

$1,500,000
8/14/2024

196 US-1, Bucksport, ME, 04416

196 US-1, Bucksport, ME, 04416
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1960

18,044 sqft

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!

Status:

Pending

Type:

Commercial

Zoning:

Commercial

Frontage:

732

Heating:

Other, Hot Water, Baseboard

Cooling:

None

Basement:

Dirt Floor, Unfinished

Parking:

21+ Spaces, Off Site, On Site, Paved

Acreage:

9.05

Est. Taxes:

$11,832

Construction

Composition, Wood Frame

Lot Description:

Water View, Downtown, Near Shopping

MLS #:

1595472

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Two Rivers Realty, LLC tworiversdougb@gmail.com