Commercial for Sale: 99 Commercial Street, Bath, ME 04530

$2,194,000
$2,194,000
99 Commercial Street, Bath, ME 04530
$2,194,000
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Price:
$2,194,000
$200,000 - 12/09/2024

Type Commercial
Square Feet 11,683 sqft
Lot Size 0.59 acres
Year Built 1973
Taxes Paid $25,153

City Bath
County Sagadahoc

MLS 1604308
Status Active
DOM 97 days
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

Room Features

Basement Description None

Virtual Tours for 99 Commercial Street Bath, ME

Lot & Building Features

Cooling Heat Pump
Tax Year 2023
Taxes Paid $25,153

Price History of 99 Commercial Street, Bath, ME

Date Name Price Difference
12/09/2024 Price Adjustment $2,194,000 8.35%
09/19/2024 Listing Price $2,394,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 99 Commercial Street, Bath, ME

Location Map Street View
Photo of Altona Kercher
Direct: 603-275-0516
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by RE/MAX Riverside, Kristen Hintze & David Holman 207-725-8505
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20%
1.1464448495898%
6.75%
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99 Commercial Street (MLS #1604308) is a commercial listing located in Bath, ME. This commercial listing is 11,683 sqft and on a lot of 25,700 sqft (or 0.59 acres) and is 51 years old. This property was listed on 09/19/2024 and has been priced for sale at $2,194,000.

Nearby zip codes are 04011, 04086, 04548, 04562 and 04579. This property neighbors other cities such as Arrowsic, Brunswick, Phippsburg, West Bath and Woolwich.

MREIS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: RE/MAX Riverside

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, non-commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2024 Maine Real Estate Information System, Inc. All Rights Reserved. This web site does not display complete Maine Listings. Certain Maine Listings of other real estate brokerage firms have been excluded.