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
Contiguous Space: 1,700 SF
Gross Building Area: 21,000 SF
Lease Rate: $8 - 25 PSF (Annual)
Base Monthly Rent: $1,133 - 3,541
Lease Types: NNN
Ceiling: 10 ft.
Building Name: The Grant Building
Usable Size (USF): 20,253 SF
Last Updated: 1/7/2022

Overview / Comments

Available for build-out / fit-up: Summer 2021. +/- 1700 SF space available on the lower level.

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: Basement 1,700 SF $8 - 25 PSF (Annual) NNN
Level/Floor: Basement
Space Available: 1,700 SF
Lease Rate: $8 - 25 PSF (Annual)
$1,133 - 3,541 (Monthly)
Lease Type: NNN
Space Description: Basement space, serviced by a freight elevator.
Space Subcategory: Flex Space
Date Available: 6/1/2021
Space Type: Relet
Tax Expenses $12,380 PSF (Annual)

Additional Details

Nearest MSA: Portland-South Portland
County: Sagadahoc
Tax ID/APN: 27-098-000
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Water Street and Centre Street 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: 4,000 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, Oil
Heat Source: Central
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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