For Sale
$2,194,000

99 Commercial StBath, ME 04530

Prime waterfront location, high-return potential.

Overview

Added:
Feb 3
Days on market:
60
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.

Property Details for 99 Commercial St

Property type
Mixed-use properties
Square Feet
11,683 SF
Year Built
1973
Lot Size (sq. ft)
25,700 SF

Location Insight

City
Bath
County
Sagadahoc
State
Maine
Latitude
43.9151
Longitude
-69.81327
99 Commercial St, Bath, Maine

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99 Commercial St
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