131 Ct St Bath, ME 04530-2054
Property profile & analytics
131 Ct St Bath, ME 04530-2054
- Retail space
- 12,012 SF
- 1.79 lot acres
Property ID
US42-0089458
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 131 Ct St
- Year built
- 2017
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.79 lot acres
- Property size
- 12,012 SF
- Zone code
- C4
- Property type
- Retail space
- APN
- BTTH M:28 L:081
- APU
- BTTHM28L081
Description
This exceptional investment opportunity presents a fee-simple, single-tenant retail property leased to CVS Pharmacy. Located at 131 Court St, Bath, ME 04530, this 12,012 square foot building sits on a 1.79-acre lot (77,972 sq ft) and boasts a convenient drive-thru pharmacy. The property, built in 2018, benefits from a high-traffic location on Highway 1, experiencing over 33,000 vehicles daily. The absolute NNN lease, with a corporate guarantee from CVS Health Corporation, ensures zero landlord responsibilities. The lease commenced October 17, 2019, and has a remaining term of 20.2 years, expiring January 31, 2045, with ten 5-year options. The property features 63 parking spaces and is zoned C4. The asking price is $7,487,627, translating to $623.35 per square foot. The current Net Operating Income (NOI) stands at $425,121. This zero cash flow investment offers significant passive loss benefits, ideal for tax-deferred exchanges. The existing loan fully amortizes at lease expiration, minimizing equity requirements. This is a truly passive investment with a strong corporate tenant and a long-term lease. The property's strong financials and location make it a compelling addition to any portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,090,000 Current use
- OFFICE BUILDING
- $1,780,000 Change: +64% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,355,000 Change: +24% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,240,000 Change: +14% Conversion: Difficult
- RESTAURANT
- $1,195,000 Change: +10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Bath
- County
- Sagadahoc
- State
- Maine
- Longitude
- -69.8258
- Latitude
- 43.9096
- 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
$46,784
$895,100
$1,873,200
$2,768,300
-
$0.00
$0.00
$0.00
