Price Reduced 19.50%
Price History
$2,795,000
7/1/2025
$2,250,000
12/8/2025
119 Commercial Street, Bath, ME, 04530
1950
7,571 sqft
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.
Status:
Active
Type:
Commercial
Zoning:
Commercial
Heating:
Other, Heat Pump, Blowers
Cooling:
Heat Pump
Basement:
Crawl Space, Partial, Unfinished
Parking:
On Site, Paved
Acreage:
0.71
Est. Taxes:
$20,940
Construction
Other Exterior, Wood Frame
Lot Description:
Other Location, Waterfront, Water View, Near Turnpike/Interstate, Downtown, Deep Water Access, Business District, Historic District, Near Shopping
Waterfront:
Yes
MLS #:
1628895
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of LandVest, Inc.