5 School StBath, ME 04530
- Mixed-use properties
- 3,432 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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