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Executive Summary

Prime Commercial Opportunity in Heart of Historic Downtown Bath
Rarely does an opportunity arise to own a piece of Bath’s vibrant, historic core with this level of versatility and exposure. Situated in the heart of Bath’s thriving Central Business District, 5 School Street offers a prime location with high visibility and heavy foot traffic year-round. This property stands as an exceptional find for savvy investors, builders, or entrepreneurs looking to trade a little sweat equity for a premier piece of coastal real estate.
Strong Bones & Tremendous Upside
While the property requires some TLC and has areas of deferred maintenance, it boasts incredibly solid bones and a timeless structure. For the right buyer, this represents the perfect canvas to refresh, remodel, and customize a landmark downtown space to perfectly match your vision while building instant equity.
The building features a classic, highly functional layout that maximizes both commercial returns and residential comfort:
Downstairs Commercial Space: Traditionally operated as a successful restaurant, the ground floor offers a welcoming storefront footprint with high-impact visual displays. It features excellent street presence and a layout adaptable to continued food and beverage operations, boutique retail, or professional office space.
Residential Quarters Upstairs: The upper level hosts a private residential space with great natural light and classic architectural character. This setup presents an incredible live-work opportunity for an owner-operator, or it can be renovated into a high-demand rental unit to provide a strong secondary income stream.
The Location Advantage
Located just steps from the Kennebec River, iconic local storefronts, and the bustling waterfront district, this property benefits from Bath’s distinct mix of tight-knit community loyalty and robust seasonal tourism.
Bring your vision, tools, and design ideas to "The City of Ships" and unlock the massive potential of this rock-solid building in a premier coastal location.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,600 SF
Building Class
C
Year Built
1935
Price
$687,692 CAD
Price Per SF
$191.03 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.59
Lot Size
0.14 AC
Zoning
C1 - Commercial Downtown Zoning many permitted uses.
Parking
15 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
100’ on School St
Moderately walkable
70/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Nearby Major Retailers

Keybank
IGA
Aroma Joe's
Shaw's
Rent-A-Center
Camden National Bank

Property Taxes

Property Taxes

Parcel Number
BTTH-000027-000000-000073
Land Assessment
$279,625 CAD
Improvements Assessment
$270,942 CAD
Total Assessment
$550,567 CAD
  • Listing ID: 40707830

  • Date on Market: 2026-05-29

  • Last Updated:

  • Address: 5 School St, Bath, ME 04530

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