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$2,250,000
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Property Description
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.
Full Property Details
Full Property Details for 119 Commercial St
General
- Price: $2,250,000
- Taxes: $20,940 (2024)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1628895
- Updated: 12/8/2025
- Added to Site: 269 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Freestanding Building
Parking
- Parking Features: On-Site Parking, Paved
Location
- County: Sagadahoc
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Heat Pump
- Heating Type: Other, Heat Pump, Blowers
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Post & Beam
- Construction: Other Exterior, Wood Frame
- Roof: Metal
- Building Size: 7571
- Square Feet: 7,571
- Living Area: 7,571 Sq. Ft.
- Year Built: 1950
- Other Struct. Feat.: Security System, Generator
Additional Structures
- Other Structures: Outbuilding
Lot Features
- Lot Size (Acres): 0.71
- Lot Size (Sq. Ft.): 30,927.6
- Zoning: Commercial
- Lot Description: Other Location, Waterfront, Water View, Near Turnpike/Interstate, Downtown, Deep Water Access, Business District, Historic District, Near Shopping
Water Features
- Water Front: Yes
Financial Considerations
- Tax Amount: $20,940
- Tax Year: 2024
Disclosures and Reports
- Ownership: Quitclaim without Covenant
- Lot Number: 271
Listed by Landvest, Inc. (207) 414-5299
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Schools
Schools serving 119 Commercial St
School District:Regional School Unit 01
| Name | Grades | Distance |
|---|---|---|
Morse High School 826 Shipbuilder Drive, Bath, ME 04530 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 119 Commercial St
Date
Details
Price
Change
Source
12/08/2025
Price Reduced
$2,250,000
-19.5%
MLS
7/01/2025
Listed
$2,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 119 Commercial St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$21,415
2%
$1,330,100
5%
2024
$20,940
-1%
$1,269,077
1%
2023
$21,144
-3%
$1,251,130
17%
2022
$21,857
13%
$1,071,400
12%
2021
$19,417
2%
$956,500
—
2020
$19,130
1%
$956,500
—
2019
$18,939
-1%
$956,500
9%
2018
$19,206
2%
$881,000
—
2017
$18,809
1%
$881,000
—
2016
$18,589
2%
$881,000
—
2015
$18,237
2%
$881,000
—
2014
$17,796
3%
$881,000
—
2013
$17,303
—
$881,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 119 Commercial St
119 Commercial Street, Bath, ME 04530 (MLS# 1628895) is a Commercial property. 119 Commercial Street is currently listed for $2,250,000 and was received on July 01, 2025. Want to learn more about 119 Commercial Street? Do you have questions about finding other Commercial real estate for sale in Bath? You can browse all Bath real estate or contact a Coldwell Banker agent to request more information.

