5 School StBath, ME 04530

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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