REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Kimberly Gleason McAllister Real Estate
$ 895,000
Est. payment /mo
New
152-154 Water ST Hallowell, ME 04347
3,804 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,804 sqft
Price per Sqft $235
MLS Listing ID 1672398
HOA Y/N No
Tax Year 2025
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Mixed Use
Source Maine Listings
Land Area 3804
Property Description
Exceptional Downtown Hallowell Investment Opportunity
154 & 152 Water Street are being offered together, presenting a rare opportunity to own two of the most prominent and recognizable buildings in the heart of downtown Hallowell. Featuring stunning historic cast-iron storefronts, these landmark properties offer outstanding visibility, character, and endless potential.
With approximately 50 feet of owned frontage on the Kennebec River, this unique offering combines iconic downtown real estate with the rarity of waterfront ownership. Large rear decks overlook the river, creating an exceptional setting for restaurants, offices, residential units, or gathering spaces with breathtaking water views.
The spacious commercial storefronts are ideal for retail, restaurant, office, gallery, or professional use, while the upper floors present an excellent opportunity for apartments, short-term rentals, offices, or additional commercial space.
Recent improvements include new roofs on both buildings, new rear decks, and many new windows that have already been installed. Inside, you'll find beautiful hardwood floors, abundant natural light from oversized display windows, and the timeless craftsmanship that makes these buildings truly special.
Whether you're an investor, entrepreneur, or developer, this is a once-in-a-generation opportunity to acquire two historic downtown buildings, 50 feet of owned Kennebec River frontage, and exceptional income and redevelopment potential, all in the center of one of Maine's most vibrant and sought-after downtown communities.
154 & 152 Water Street are being offered together, presenting a rare opportunity to own two of the most prominent and recognizable buildings in the heart of downtown Hallowell. Featuring stunning historic cast-iron storefronts, these landmark properties offer outstanding visibility, character, and endless potential.
With approximately 50 feet of owned frontage on the Kennebec River, this unique offering combines iconic downtown real estate with the rarity of waterfront ownership. Large rear decks overlook the river, creating an exceptional setting for restaurants, offices, residential units, or gathering spaces with breathtaking water views.
The spacious commercial storefronts are ideal for retail, restaurant, office, gallery, or professional use, while the upper floors present an excellent opportunity for apartments, short-term rentals, offices, or additional commercial space.
Recent improvements include new roofs on both buildings, new rear decks, and many new windows that have already been installed. Inside, you'll find beautiful hardwood floors, abundant natural light from oversized display windows, and the timeless craftsmanship that makes these buildings truly special.
Whether you're an investor, entrepreneur, or developer, this is a once-in-a-generation opportunity to acquire two historic downtown buildings, 50 feet of owned Kennebec River frontage, and exceptional income and redevelopment potential, all in the center of one of Maine's most vibrant and sought-after downtown communities.
Location
State ME
County Kennebec
Zoning Commercial
Rooms
Basement Full
Interior
Heating No Heat Fuel, None
Cooling None
Flooring Wood
Exterior
Parking Features Off Street
Roof Type Shingle
Building
Lot Description Historic District, Downtown
Foundation Granite, Brick/Mortar
Water Public
Others
Tax ID HALL-000009-000000-000170
Virtual Tour https://www.propertypanorama.com/instaview/mreis/1672398
