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99 Commercial St

19,152 SF 100% Leased Retail Building Bath, ME 04530 $3,366,922 CAD ($176 CAD/SF)

Investment Highlights

  • Waterfront mixed-use multi-family and commercial building with condo-style apartments.

Executive Summary

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. 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. 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.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
19,152 SF
Building Class
C
Year Built
1973
Price
$3,366,922 CAD
Price Per SF
$176 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.48
Land Acres
0.92 AC
Zoning
C1
Parking
35 Spaces (1.82 Spaces per 1,000 SF Leased)

Amenities

  • Waterfront

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BTTH-000026-000000-000272
Land Assessment
$877,489 CAD
Improvements Assessment
$1,199,052 CAD
Total Assessment
$2,076,541 CAD
  • Listing ID: 33550897

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: 99 Commercial St, Bath, ME 04530

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