Bath
$1,899,000
99 Commercial Street
mls: 1638230
Bathrooms: 0
Year Built: 1973
Sq Footage: 11,683
Lot Size: 0.59
Taxes: $25,371
Status: Active

Spectacular waterfront mixed-use multi-family and commercial building with condo-style apartments in downtown Bath. This building is right on the water but has never been impacted by flooding.

Listed by: RE/MAX Riverside
contact 207-406-0063

Spectacular waterfront mixed-use multi-family and commercial building with condo-style apartments in downtown Bath. This building is right on the water but has never been impacted by flooding. Additionally, the building has more than 40 parking spaces in the highly coveted downtown. 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.

Listed by: RE/MAX Riverside

Accessibility Features
Appliances
Architectural Style
Basement
Bathrooms Total Integer
0
Body Type
Building Area Total
11683.00
Construction Materials
Cooling
Heat Pump
Cooling Yes/No
1
Electric
On Site, Circuit Breakers
Exterior Features
Flooring
Carpet, Laminate, Tile, Vinyl
Foundation Details
Green Energy Efficient
Heating
Heat Pump, Zoned
Heating Yes/No
1
Interior Features
Laundry Features
Lot Features
Business District
Lot Size Acres
0.5900
Other Equipment
Internet Access Available
Other Structures
Parking Features
Patio And Porch Features
Pets Allowed
Property Condition
Roof
Pitched, Shingle, Tar/Gravel
Sewer
Tax Annual Amount
25371.00
Utilities
Water Source
Public
Waterfront Yes/No
1
Year Built
1973
Zoning
C1