Active
99 Commercial Street
Bath ME, 04530
$2,194,000
Active
11,683 sqft
Commercial
Built in 1973
Courtesy of RE/MAX Riverside
Spectacular waterfront mixed-use multi-family and commercial building with condo-style apartments in downtown Bath. This building is right on the water but has never been impacted by flooding. Additionally, the building has more than 40 parking spaces in the highly coveted downtown.
Perfectly positioned in a high-traffic, vibrant pedestrian zone abutting the Bath Riverwalk and Linwood Temple Waterfront Park. This multi-use building offers a harmonious blend of modern luxury and commercial functionality, featuring:
- **Four Condo-Style Apartments with Stunning Views** Each unit boasts spacious layouts with large windows over the Kennebec River, and private entries. Ideal for long or short-term rentals.
- **Versatile Commercial Spaces** The first and second floors house a mix of retail, restaurant, and office units, catering to a variety of business needs. Perfect for high-end retail boutiques, trendy restaurants, and professional offices, the spaces are designed for maximum visibility and convenience.
- **Waterfront Location:** Set on the picturesque Kennebec River shore, this 1976 property is built closer to the water than modern zoning allows. Additionally, a future owner may be able to install a wharf and marina in front of this property, adding tremendous value.
Whether you're an investor or owner-occupant, this building combines high-demand residential space in a thriving commercial district in this fabulous waterfront location. Don't miss the chance to own this prime property!
Neighboring building at 97 Commercial recently appraised for $205/SF with CAP rate of 6%, proving the strong value of this investment. Current owner has left room for growth in the residential rent roll and is open to a small portion of seller financing for a well qualified buyer with a strong offer.
Open Houses Friday, September 27 1PM-3PM, and Saturday, September 28 2PM-4PM
1604308
MLSⓇ ID
September 19, 2024
Listed
December 9, 2024
Updated
Map
99 Commercial Street
Bath ME, 04530
Interior Features
Total Stories
4
Floor Description
Vinyl, Tile, Laminate, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Heat Pump
Heating
Yes
Heating Description
Multi-Zones, Heat Pump, Baseboard
Exterior/Building Features
Lot Size
0.59 Acres
Lot Features
Water View, Water Frontage, Downtown, Business District, Historic District, Near Shopping
Roof
Pitched, Shingle, Tar/Gravel
Sewer
Public Sewer
Other Property Details
Taxes
$25,153
Tax Frequency
Annually
Garage
No
Parking
21 Spaces, On Site, Paved, Off Street
View
No
County
Sagadahoc
Water Source
Public
Pool
No
Waterfront
Yes
Zoning
C1
Listing History
Date | Event | Price |
---|---|---|
12/9/2024 | Price change | $2,194,000 -9% |
Listing Contact: 207-406-0063
Courtesy of RE/MAX Riverside
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. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Dana Stivers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 3:49 PM UTC, 12/9/2024