99 Commercial St Bath, ME 04530

This exceptional mixed-use property at 99 Commercial Street in Bath, ME, offers a unique investment opportunity. The 11,683 square foot building sits on a 0.59-acre lot directly on the Kennebec River, in a high-traffic area adjacent to the Bath Riverwalk and Linwood Temple Waterfront Park. Built in 1976, its waterfront proximity exceeds current zoning allowances, presenting potential for future wharf and marina development. The building features four condo-style apartments with stunning river views and private entries, ideal for short-term or long-term rentals. The first and second floors offer versatile commercial spaces suitable for retail, restaurants, or offices, maximizing visibility and convenience. Over 40 parking spaces are available on-site. The property has never experienced flooding despite its prime waterfront location. A neighboring building recently appraised at $205 per square foot with a 6% capitalization rate, indicating strong market value. The current owner is open to seller financing for qualified buyers with strong offers and has left room for growth in the residential rental income. This property is priced at $2,194,000.