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    99 Commercial Street Bath, ME 04530

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    Claim this Listing
    For Sale
    $1,899,000

    COMMERCIAL - Bath, ME

    Property size:
    11,683 SF
    Lot size:
    0.59 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 18 at 11:06 am

    Property Features for 99 Commercial Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C1
    Parking features
    Off Street
    Standard status
    Active
    Size
    11,683 SF
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    25371

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Zoned
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1973
    Number of units
    12
    Flooring type
    Vinyl, Carpet, Tile, Laminate
    Building materials
    Wood Frame
    Roof type
    Tar/Gravel, Shingle

    We can help!

    Listing Contact
    Kristen Hintze

    Listing agent Kristen Hintze License #926146

    Listing office RE/MAX Riverside 1 Bowdoin Mill Island Suite 101, Topsham, ME

    Listing date Mar 3, 2026

    MLS# 1638230

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Mixed-Use Commercial Building

    This mixed-use building is located in downtown Bath, positioned in a high-traffic, vibrant pedestrian zone abutting the Bath Riverwalk and Linwood Temple Waterfront Park. The property, built in 1976, is situated on the Kennebec River shore. The building features four condo-style apartments, each with spacious layouts, large windows overlooking the Kennebec River, and private entries, suitable for long or short-term rentals. The first and second floors offer versatile commercial spaces, accommodating retail, restaurant, and office units. These spaces are designed for maximum visibility and convenience, catering to high-end retail boutiques, trendy restaurants, and professional offices. The property includes more than 40 parking spaces. The lot size is 0.59 acres. The building has a total area of 11,683 square feet. A future owner may be able to install a wharf and marina in front of this property. The building has never been impacted by flooding.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Sagadahoc
    State
    Maine
    Longitude
    -69.8132629
    Latitude
    43.9151974

    Nearby Similar for Sale

    • $195,000
      1,033 SF

      Affordable Condo with Rental Potential

      Income property opportunity in a convenient location with walking trails.
      11 Aegis Drive, Bath, ME 04530
      View Details
    • $1,899,000
      605 SF

      Downtown Waterfront Retail/Office Space

      Retail or office space with excellent visibility on the waterfront.
      99 Commercial Street, Bath, ME
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with condo-style apartments and commercial spaces in downtown.
    Where is this mixed-use property located?
    The property is located at 99 Commercial Street Bath, ME.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: Prime waterfront location on the Kennebec River with potential for wharf and marina installation.; Mixed‑use property featuring four condo‑style apartments with river views and versatile commercial spaces.; More than 40 coveted off‑street parking spaces in downtown Bath.
    (207) 406-0063
    We can help!
    Listing Contact
    Kristen Hintze
    Real Estate License ID: 926146
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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