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40 Cottage Street

Bar Harbor, ME 04609
  • $2,500,000
  • STATUS: Active
  • MLS #: 1519627
UPDATED: 58 min ago
$2,500,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,500
    SQFT
Neighborhood:
Type:
Commercial
Built:
2009
County:
Area:

School Ratings & Info

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Description

First time on the market in over 30 years. This legendary Bar Harbor restaurant/tavern/entertainment locale is where many locals go to meet up, dine and socialize. ''The Whale,'' as locals fondly call it, has been locally owned and operated since the doors opened in 1988. A lively, friendly blend of visitors and locals, it is kid friendly by day and a hot spot for entertainment and fun at night. The business operations have been finely honed over the past 3 decades by the current owners. The building was completely torn down and rebuilt in 2008. Solar panels on the roof help reduce the electrical bills while heat pump/AC units keep the customers comfortable year-round. Property has been extremely well maintained over the years. A separate in-town, employee housing property is available for purchase with the restaurant for the combined price of $2.95M. Sellers to provide complete and thorough training to buyer(s). This property is the quintessential definition of a ''turn-key'' business with very strong, supportive underlying financials. Come stake your claim to being the next owner of this iconic local business and begin making plans to put your mark on this popular institution for the years to come !

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-12-02T06:47:55.46.
www.yoursouthernmaineagent.com/homes/125778259
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40 Cottage Street Bar Harbor, ME 04609

  • Price: $2,500,000
  • Status: Active
  • On Site: Days
  • Updated: 58 min ago
  • MLS #: 1519627
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,500
SQFT
$556
$/SQFT
2009
Built
Neighborhood:
Bar Harbor
County:
Hancock
Area:
Bar Harbor
Property Description
First time on the market in over 30 years. This legendary Bar Harbor restaurant/tavern/entertainment locale is where many locals go to meet up, dine and socialize. ''The Whale,'' as locals fondly call it, has been locally owned and operated since the doors opened in 1988. A lively, friendly blend of visitors and locals, it is kid friendly by day and a hot spot for entertainment and fun at night. The business operations have been finely honed over the past 3 decades by the current owners. The building was completely torn down and rebuilt in 2008. Solar panels on the roof help reduce the electrical bills while heat pump/AC units keep the customers comfortable year-round. Property has been extremely well maintained over the years. A separate in-town, employee housing property is available for purchase with the restaurant for the combined price of $2.95M. Sellers to provide complete and thorough training to buyer(s). This property is the quintessential definition of a ''turn-key'' business with very strong, supportive underlying financials. Come stake your claim to being the next owner of this iconic local business and begin making plans to put your mark on this popular institution for the years to come !
Exterior Features

Construction Wood Frame Exterior Wood Siding Foundation Materials Poured Concrete Parking On StreetOther Parking Roof Pitched

Interior Features

Basement Crawl SpaceFullSump Pump Cooling Heat Pump Gas Bottled Heat Fuel ElectricOil Heat System Heat Pump

Property Features

Electric Circuit BreakersPhotovoltaics Seller Owned Full Tax Amount Amount 6209.00 Leased Land No Location Business DistrictDowntownNear Shopping Property Uses Bar/Tavern/LoungeCommercialRestaurantRetail Sewer Public Sewer Surveyed No Tax Year 2021 Water Public Zoning Dt Village I Zoning Overlay No

Listing provided courtesy of Eden Realty: [IDXCONTACTINFORMATION].

© 2022 Maine Real Estate Information System, Inc. All Rights Reserved.

Mortgage Calculator is provided by BoomTown.

Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified.
© 2022 Maine Real Estate Information System, Inc. All Rights Reserved. Data last updated: 2022-12-02T06:47:55.46.
 
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Keller Williams Realty
50 Sewall Street
Portland ME, 04102
Mortgage Calculator tool is provided by BoomTown.