99 Commercial StBath, ME 04530

Property Details for 99 Commercial St

Year built

1973

Construction

FRAME

Lot size

0.92 AC

Property size (Sq ft)

17,253 SF

Zone code

C1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

BTTH M:26 L:272

APU

BTTHM26L272

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,852,436

  6.5%

  $2,633,018

  7%

  $2,444,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,254,277

  Geo Method

  $2,254,277

• Alternative Use

  Use

  Valuation

  Residential

  $3,264,942

  Hospitality

  $2,990,670

  Educational

  $2,488,202

  Medical

  $2,573,775

  Retail

  $3,870,536

Location Insight

City

Bath

County

Sagadahoc

State

Maine

Latitude

43.9151

Longitude

-69.8132

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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