40 Cottage Street, Bar Harbor, ME 04609 (MLS# 1519627)
40 Cottage Street, Bar Harbor, ME 04609
$2,095,000
Property Type:
Commercial
Square Footage:
4,500
Lot Size (sq. ft.):
3,049
Status:
Closed
Current Price:
$2,095,000
List Date:
2/13/2022
Last Modified:
1/10/2025
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 !
Supplements: ********
More Information MLS# 1519627
Location Information
Street #: 40
Street Name: Cottage
Street Type: Street
County: Hancock
Town: Bar Harbor
State/Province: ME
Zip Code: 04609
Zip +4: 1833
Leased Land: No
Book: 3098
Page: 32
Map: 104
Lot: 365
Zoning: DT Village I
Zoning Overlay: No
Full Tax Amount $: 6209
Tax Year: 2021
Association Y/N: No
Geo Lat: 44.389333
Geo Lon: -68.206259
Contract Information
Status: Closed
Original List Price: 2795000
Sold Price: $2,095,000
Current Price: $2,095,000
Property Information
Primary Use: General Commercial
Surveyed: No
Deed/Conveyance Type Offered: Quit Claim w/Covenant
Deed: All
Year Built: 2009
SqFt Finished Total: 4500
Lot Size Acres +/-: 0.07
Status Change Info
Pending Date: 2022-12-22
Closed Date: 2023-03-20
Closed Price: 2095000
Sold Info
Appraiser Email Address: john@jpowellappraisals.com
Property Features
Location: Business District; Downtown; Near Shopping
Construction: Wood Frame
Property Uses: Bar/Tavern/Lounge; Commercial; Restaurant; Retail
Basement: Crawl Space; Full; Sump Pump
Foundation Materials: Poured Concrete
Exterior: Wood Siding
Roof: Pitched
Heat System: Heat Pump
Heat Fuel: Oil
Cooling: Heat Pump
Floors: Wood
Parking: On Street; Other Parking
Electric: Circuit Breakers; Photovoltaics Seller Owned
Gas: Bottled
Sewer: Public Sewer
Water: Public
Sold Terms Other: Arms Length
Documents
Listing Office: Eden Realty
Last Updated: January - 10 - 2025
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.
40 Cottage Deed - 2001 ›