Mixed-Use Redevelopment Opportunity in Bath

Retail-Commercial for Lease
Catylist Listing ID: 30705545
Property Subtypes: Convenience Store, Day Care Facility, Mixed Use, Post Office, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Contiguous Space: 1,600 SF
Gross Building Area: 21,000 SF
Lease Rate: $12 PSF (Annual)
Base Monthly Rent: $1,600
Lease Types: Modified Gross
Ceiling: 10 ft.
Building Name: The Grant Building
Usable Size (USF): 20,253 SF
Last Updated: 9/6/2022

Overview / Comments

+/- 1600 SF space available on the lower level with two large windows. Owner is looking for a gym or fitness studio tenant to occupy the space. A fully built-out locker room (showers, changing area, toilets) will be built out by the owner, for shared use by this tenant. Estimated CofO Fall 2022.

The Grant Building:
High ceilings, open-concept floor plans, and flex spaces will be activated for multiple uses. People coming and going each day for goods and services, to gather, and to build community. High traffic and pedestrian corner at the gateway to historic downtown Bath; visible from Rt. 1 overpass. One of historic downtown Bath’s largest buildings. Built in 1936, the building has been a department store, onshore quarters, and office space for Bath Iron Works, and is currently home to Beacon Park, an indoor community park. Beacon Park was awarded the 2020 Innovation Award by Maine Downtown Center.

Features:
- The only example of late Art Deco façade in Bath.
- Freight elevator servicing basement through 3rd floor, incl. ground level on Water Street and Centre Street.
- Open-concept floor plan with great corner retail visibility on Centre and Water Streets.
- Roof deck opportunity with views of the Kennebec River.

Location: Bath is a year-round service center for Sagadahoc county, including seasonal communities in the Midcoast. Established and successful commercial neighbors, many locally-owned and operated businesses. 6,000 employees a day come to work at BIW, two blocks from this location.

Parking: Dedicated parking in the adjacent surface lot. Additional off- and on-street public parking within one block.

Expand All Available Space

Suite: Lower Level (With Windows) 1,600 SF $12 PSF (Annual) Modified Gross
Level/Floor: Lower Level (With Windows)
Space Available: 1,600 SF
Lease Rate: $12 PSF (Annual)
$1,600 (Monthly)
Lease Type: Modified Gross
Space Description: Lower Level (With Windows), serviced by a freight elevator. Perfect fitness studio or keyless entry gym. Owner is building out full locker room area OUTSIDE of the demised 1,600 SF, for use by the gym space and other 2 commercial tenants.
Space Subcategory: Flex Space
Date Available: 9/30/2022
Space Type: Relet
Kitchen Yes
Tax Expenses $12,380 PSF (Annual)
Rent Escalators Description TBD

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: 27-098-000
Zoning: COMMERCIAL (C1)
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: Water Street (Kennebec Meat Company) and Solo Pane Italian Bakery
Property Visibility: Excellent
Largest Nearby Street: Centre Street
Feet of Frontage: 50
Highway Access: 2 minutes to Route 1
Airports: Brunswick Executive Airport
Area Description: Bath is a year-round service center for Sagadahoc county, including seasonal communities in the Midcoast. Established and successful commercial neighbors, many locally-owned and operated businesses. 6,000 employees a day come to work at BIW, two blocks from this location.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,000 SF
Property Condition: Good
Year Built: 1936
Roof Type: Flat
Construction/Siding: Aluminum Siding, Brick, Concrete
Exterior Description: Facade on Centre Street is in late Art Deco style
Total Parking Spaces: 12
Parking Type: Surface
Parking Description: Up to 12 spaces available
Freight Elevators: 1
Sprinklers: Wet, Other
Heat Type: Natural Gas
Heat Source: Wall Units, Other
Air Conditioning: Other
Internet Access: Fiber Optic
Interior Description: HVAC / Mechanicals to be updated.
Zoning Description: C1 - Commercial District
Lot Frontage: 50
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,489 9,695 19,121
Median Age: 38.55 41.5 43.38
Households: 2,057 4,446 8,371
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