Property Description

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 UpsideWhile 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 AdvantageLocated 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 Features