$1,975,000
MLS#: 1638230
- Type: Commercial
- Lot Size: 0.59 Acres
- Year Built: 1973
Property Details
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.
Property Listed by: RE/MAX Riverside
Land Features
Electric:
Circuit Breakers, On Site
Map (approximate)
