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    99 Commercial St Bath, ME 04530

    Sponsored
    For Sale
    $2,194,000

    Prime waterfront location, high-return potential.

    Property size:
    11,683 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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.

    Property Features for 99 Commercial St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    11,683 SF
    Lot Size
    25,700 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Sagadahoc
    State
    Maine
    Longitude
    -69.81327
    Latitude
    43.9151

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    FAQs

    What type of property is this?
    Mixed-use property - Prime waterfront location, high-return potential.
    Where is this mixed-use property located?
    The property is located at 99 Commercial St Bath, ME.
    What is the asking price?
    The asking price for this property is $2,194,000.
    (207) 725-8505
    Request Owner's contact information
    99 Commercial St Bath, ME 04530
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    Bath, ME 04530
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    Realmo Value Estimation

    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.

    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.

    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
    99 Commercial St Bath, ME 04530
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