| FRG OFFERS BATHPORT ON THE KENNEBEC FOR SALE 10/29/2008 | | Print | |
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BATH, MAINE OCTOBER 29, 2008 Fishman Realty Group is proud to offer For Sale: Bathport on the Kennebec, Bath, Maine. Currently owned by New Bathport LLC, this unique redevelopment opportunity is located on the beautiful Western shore of the Kennebec River in downtown Bath, Maine. The site boasts .92± Acres of waterfront commercially zoned real estate between Commercial Street and the Kennebec River. Originally slated as a high end condominium project, Bathport (99 Commercial Street) received a contract zone for the site in 2006. Bathport is a unique opportunity for a commercial developer looking for a virtually turnkey opportunity.Adding to Bathport’s allure is the existing 20,000±SF residential/office/retail building, which allows for income generation from the site prior to any future development. Bathport is currently approved as an 80,000±SF multi-unit residential project with ground-floor parking, retail, and gallery components. Though changes to the project are subject to review by the City of Bath, the existance of the current Contract Zone and its passage by City Council, and City-wide refferendum in 2006, leads the way for future developers seeking to invest in Bath’s bright economic future. “We are seeking out users which make the best sense for the site given its uniqueness, and the current market we are facing today…”, said J. Lee Nelsen (Associate Broker, Fishman Realty Group), listing agent for Bathport . “Hotel, retirement community, and class A office developers are among the groups we are courting.” Founded in 1987, Fishman Realty Group Inc. is a full service Commercial and Residential Real Estate company operating in Maine and New Hampshire. CONTACT: J. Lee Nelsen (207)775-6561 Ext. 211 ********** |
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