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

 

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