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$499,000 Just Listed
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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 Upside While 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 Advantage Located 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.
Full Property Details
Full Property Details for 5 School St
General
- Price: $499,000
- Taxes: $6,432 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1664493
- Updated: Today (5/29/2026)
- Added to Site: Today
Business
- Business Type: Child Care, Church, Convenience Store, Manufacturing,
Parking
- Parking Features: Off Street, Paved
Location
- County: Sagadahoc
Structural Information
- Building Size: 3696
- Square Feet: 3,696
- Living Area: 3,696 Sq. Ft.
- Year Built: 1935
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Zoning: Commercial
- Lot Description: Downtown, Business District
Financial Considerations
- Tax Amount: $6,432
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 73
Listed by A Team Realty (207) 894-8484
Get Pre-Approved Today
Schools
Schools serving 5 School St
School District:Regional School Unit 01
| Name | Grades | Distance |
|---|---|---|
Fisher-Mitchell School 597 High Street, Bath, ME 04530 | 3-5 | 0.5 mi |
Dike-Newell School 3 Wright Drive, Bath, ME 04530 | PK-2 | 0.7 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 5 School St
Date
Details
Price
Change
Source
5/29/2026
Listed
$499,000
—
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 5 School St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,432
3%
$399,500
5%
2024
$6,273
8%
$380,200
11%
2023
$5,795
-2%
$342,900
18%
2022
$5,934
—
$290,900
—
2021
$5,905
1%
$290,900
—
2020
$5,818
1%
$290,900
—
2019
$5,760
-4%
$290,900
5%
2018
$6,028
2%
$276,500
—
2017
$5,903
1%
$276,500
—
2016
$5,834
2%
$276,500
—
2015
$5,724
2%
$276,500
—
2014
$5,585
3%
$276,500
—
2013
$5,430
—
$276,500
—
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 5 School St
5 School Street, Bath, ME 04530 (MLS# 1664493) is a Commercial property. 5 School Street is currently listed for $499,000 and was received on May 29, 2026. Want to learn more about 5 School 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.

