5 School StBath, ME 04530

  • Mixed-use properties
  • 3,432 SF
For Sale
$579,900 View listing

Property Details for 5 School St

Year built
1935
Construction
FRAME
Lot size
0.14 AC
Property size (Sq ft)
3,432 SF
Zone code
C1
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
BTTH M:27 L:073
APU
BTTHM27L073

Description

This exceptional mixed-use property, located at 5 School Street in Bath, Maine, presents a unique investment opportunity. The building boasts a substantial 3,696 square feet of space, intelligently divided to maximize functionality. The ground floor offers versatile retail space, perfectly suited for a variety of businesses, capitalizing on its prime location and high traffic count. The upper level comprises a spacious apartment, featuring three to four bedrooms, providing ample living space for owners or tenants. The property sits on a 0.14-acre lot and includes the convenience of off-street parking, a significant advantage in a high-traffic area. Its strategic location places it just minutes away from Bath Iron Works, ensuring consistent foot traffic and potential for strong rental income. The property is zoned C-1, offering flexibility for various commercial uses. This is an excellent chance to acquire a well-situated mixed-use building in the thriving city of Bath, offering immediate income potential and significant long-term growth prospects. The substantial square footage and prime location make this an attractive investment for both seasoned investors and those seeking a hands-on opportunity to build equity in a desirable Maine coastal city. The property is priced at $579,900.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $567,412
    6.5%
    $523,765
    7%
    $486,353
  • Comparable approach

    Method
    Valuation
    Relative Method
    $448,425
    Geo Method
    $448,425
  • Alternative Use

    Use
    Valuation
    Residential
    $649,469
    Hospitality
    $594,910
    Educational
    $494,958
    Medical
    $511,980
    Retail
    $769,935
5 School St, Bath, Maine

Location Insight

City
Bath
County
Sagadahoc
State
Maine
Latitude
43.9119
Longitude
-69.8168
CBSA code
38860
CBSA name
PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,795
$163,200
$179,700
$342,900
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-
-
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