119 Commercial Street Bath, ME

$1,995,000
Square Footage 7,571
Acres 0.71
Photo of 119 Commercial Street Bath ME 04530




Description

Prime Waterfront Investment Opportunity in Historic Bath, Maine. The Kennebec Tavern and Marina is a well-established, multi-revenue property ideally situated on the scenic Kennebec River. This rare offering includes 60± boat slip marina with a fuel dock; full-service restaurant with indoor and outdoor dining and bar areas; banquet hall and event space; buildings and land with 175 feet of waterfront; and one of the largest parking lots in the city. Strategically located on Commercial Street, which runs parallel to both the Kennebec River and Front Street—the heart of Bath's downtown business district—this property is just a short walk from shops, restaurants, galleries, parks, and municipal offices. Its prime location offers both real estate ownership and diverse income streams. Expansion & Upside Potential: A 30-slip marina expansion has already been approved by the U.S. Army Corps of Engineers and additional upside exists through the renewal of the mooring field. Why Bath? Known as The City of Ships, Bath boasts a rich maritime heritage and is home to Bath Iron Works, Maine's largest manufacturing employer and a cornerstone of U.S. naval shipbuilding for over 140 years. The city's deepwater port, just 10 miles from the Gulf of Maine, provides direct access to both coastal and inland waterways. As investment continues to move north along Maine's Mid Coast, Bath stands out with its growing population, vibrant community, and attractive entry fundamentals for investors.


Listed by Landvest, Inc., Jane Chase & James Nadeau 207-414-5299

Details

MLS 1628895
Status Active
Price $1,995,000
DOM 467 days
Type Commercial
Square Feet 7,571 sqft
Lot Size 0.71 acres
Year Built 1950
Taxes Paid $20,940

Lot & Building Features

Construction Wood Frame
Cooling Heat Pump
Heat Source Gas Bottled, Oil, Propane
Heating Gas Bottled, Oil, Propane, Blowers, Heat Pump, Other
Parking Description On Site, Paved
Tax Year 2024
Taxes Paid $20,940
Water Public

Room Details

Basement Description Crawl Space, Partial, Slab, Unfinished

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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