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Offered at $1,995,000Active
beds
—
baths
0
sq ft
7,571
Built
1950

119 Commercial Street

Bath, ME 04530

About this home

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.

Listing last checked: Listing updated:

Listed by Listing Agent · Landvest, Inc. · MLS #1628895

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Details at a glance

Interior2 property facts
Heating
Oil, Propane, Heat Pump, Other
Cooling
Heat Pump
Building4 property facts
Style
General Commercial
Year built
1950
Foundation
Other, Pillar/Post/Pier, Slab
Roof
Metal
Land & utilities5 property facts
Lot size
0.71 acres
Water
Public
Sewer
Public Sewer
Waterfront
Y
Zoning
Commercial
Financial2 property facts
Annual taxes
$20,940
Assessment year
2024

Location

Estimated monthly cost

Explore costs at the $1,995,000 asking price. Adjust the assumptions to your situation.

Known monthly costs$11,833 / monthAdjust
Principal & interest
$10,088
Property tax
$1,745
Insurance
Not entered
HOA
Not entered

Listing annual taxes: $20,940. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.

Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.

The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.

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About 119 Commercial Street

Can I request a private showing?

Request a tour of 119 Commercial Street and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.