UPDATED:
Key Details
Property Type Commercial Sale
Sub Type Mixed Use
Listing Status Active
Square Footage 11,683 sqft
MLS Listing ID 1604308
HOA Y/N No
Year Built 1973
Annual Tax Amount $25,153
Tax Year 2023
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Mixed Use
Source Maine Listings
Property Description
Perfectly positioned in a high-traffic, vibrant pedestrian zone abutting the Bath Riverwalk and Linwood Temple Waterfront Park. This multi-use building offers a harmonious blend of modern luxury and commercial functionality, featuring:
- **Four Condo-Style Apartments with Stunning Views** Each unit boasts spacious layouts with large windows over the Kennebec River, and private entries. Ideal for long or short-term rentals.
- **Versatile Commercial Spaces** The first and second floors house a mix of retail, restaurant, and office units, catering to a variety of business needs. Perfect for high-end retail boutiques, trendy restaurants, and professional offices, the spaces are designed for maximum visibility and convenience.
- **Waterfront Location:** Set on the picturesque Kennebec River shore, this 1976 property is built closer to the water than modern zoning allows. Additionally, a future owner may be able to install a wharf and marina in front of this property, adding tremendous value.
Whether you're an investor or owner-occupant, this building combines high-demand residential space in a thriving commercial district in this fabulous waterfront location. Don't miss the chance to own this prime property!
Neighboring building at 97 Commercial recently appraised for $205/SF with CAP rate of 6%, proving the strong value of this investment. Current owner has left room for growth in the residential rent roll and is open to a small portion of seller financing for a well qualified buyer with a strong offer.
Open Houses Friday, September 27 1PM-3PM, and Saturday, September 28 2PM-4PM
Location
State ME
County Sagadahoc
Zoning C1
Rooms
Basement None
Interior
Heating Zoned, Heat Pump, Baseboard
Cooling Heat Pump
Flooring Vinyl, Tile, Laminate, Carpet
Equipment Internet Access Available
Exterior
Parking Features 21+ Spaces, On Site, Paved, Off Street
Utilities Available 1
View Y/N No
Roof Type Pitched,Shingle,Tar/Gravel
Building
Lot Description Waterfront, Water View, Downtown, Business District, Historic District, Near Shopping
Story 4
Sewer Public Sewer
Water Public
Structure Type Wood Frame
Others
Restrictions Yes
Energy Description Electric
Virtual Tour https://my.matterport.com/show/?m=6DeGpUEtrZz
