11 Albert Mdws - Apartments FOR SALE


Bar Harbor, ME 04609
$1,450,000 USD
207-288-5818
11 Albert Mdws, Bar Harbor, ME for Sale
$1,450,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

11 Albert Mdws
Bar Harbor, ME 04609


OVERVIEW

Exceptional Mixed-Use Opportunity in the Heart of Bar Harbor. Located just steps from the iconic Shore Path and beloved Village Green, this unique property blends historic charm with modern potential. The original early 1900s shingle-style home has been thoughtfully updated while retaining its period details, and currently operates as a successful vacation rental. The main house features a welcoming living room, dining area, updated kitchen, and half bath on the first floor, with two comfortable bedrooms and a full bath upstairs. In 2023, a three-story addition was constructed, offering outstanding flexibility for residential and commercial use. The first floor includes two unfinished commercial spaces ready to be customized for retail, gallery, or office use-ideal for tapping into Bar Harbor's thriving tourism economy. Above, the design allows for two spacious residential units, each envisioned as two-bedroom, two-bath apartments spanning the second and third floors. Whether you're an investor, entrepreneur, or owner-occupant, this is a rare opportunity to shape a downtown Bar Harbor property to suit your vision. Live in the charming main house while completing the new construction to create income-generating spaces-or craft a vibrant live/work lifestyle. Located in the highly desirable Downtown Village 1 zone, this property allows for a variety of mixed-use possibilities. Don't miss your chance to be part of Bar Harbor's dynamic downtown scene with this one-of-a-kind offering.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$386 USD /SF

# OF UNITS

2

PRICE/UNIT

$725,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

DT village 1

APN/PARCEL ID

BARH M:104 L:500

ASK ABOUT THIS PROPERTY

Erica BrooksPortside Real Estate GroupMore Info
207-288-5818

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Erica BrooksPortside Real Estate GroupMore Info
207-288-5818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.