Hallowell, ME Commercial Real Estate for Sale

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Waterfront Mixed-Use Buildings
Updated: Jul 17
Waterfront Mixed-Use Buildings

152-154 Water Street, Hallowell, ME 04347

$895,000
3,804 sqft 0.06 AC lot
Two‑building offering at 152‑154 Water Street in downtown Hallowell
3,804 square feet on a 0.06‑acre parcel
Approximately 50 feet of owned Kennebec River frontage
Cast‑iron storefronts with oversized display windows and wood flooring
New roofs and rear decks, with many windows replaced
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Multi-Tenant Office Building
Updated: Jun 24
Multi-Tenant Office Building

9 Union Street, Hallowell, ME 04347

$740,000
3,604 sqft 0.13 AC lot
3,604‑square‑foot office building on a 0.13‑acre lot
First‑floor family practice plus five tenants on the second and third floors
Reported 7% cap rate
New roof installed April 2026
Paved parking lot with 6+ spaces
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Office Building with Studio
Office Building with Studio

332 Water Street, Hallowell, ME 04347

$459,000
2,120 sqft 0.30 AC lot

Wood-frame office property with a separate studio, covered porch, solar panels, and landscaped grounds.

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See what stands out in Kennebec County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in
NOI available after sign in
Local Demand available after sign in
Multi-Tenant Office Building
Multi-Tenant Office Building

9 Union St, Hallowell, ME 04347

$740,000
3,604 sqft

Three-story professional property with medical and office tenants, accessible entry, and paved on-site parking.

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Office Building with Studio
Office Building with Studio

332 Water St, Hallowell, ME 04347

$459,000
2,120 sqft 0.30 AC lot

Flexible office layout includes a separate-entry studio, covered porch, solar panels, and landscaped grounds near downtown Hallowell.

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Church Property With Detached Residences
Church Property With Detached Residences

17 Union St, Hallowell, ME 04347

$850,000
5,000 sqft

Three detached buildings combine worship, residential, and flexible live-work uses on one in-town parcel.

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Waterfront Mixed-Use Property
Waterfront Mixed-Use Property

192 Water Street, Hallowell, ME 04347

$1,195,000
7,380 sqft

Renovated riverfront buildings combine commercial space, residential living quarters, storage, and additional leaseable areas.

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Historic Mixed-Use Buildings
Historic Mixed-Use Buildings

152-154 Water Street, Hallowell, ME 04347

$895,000
3,804 sqft

Two downtown buildings combine commercial storefronts, upper-level space, river-facing decks, and owned Kennebec River frontage.

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Office and Apartment Building
Office and Apartment Building

6 Stoddard Lane, Hallowell, ME 04347

$475,000
3,687 sqft

Mixed-use building with multiple offices plus two 1-bedroom apartments, including renovated second-floor unit.

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Historic Mixed-Use Buildings with Riverfront
Historic Mixed-Use Buildings with Riverfront

152 Water St, Hallowell, ME 04347

Contact for pricing

Two downtown buildings combine commercial storefronts, upper-level space, historic character, and direct Kennebec River frontage.

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Bed & Breakfast With Event Space
Bed & Breakfast With Event Space

11 Inn Rd, Hallowell, ME 04347

Contact for pricing
20,693 sqft

Country hospitality property with guest lodging, event facilities, and an on-site commercial kitchen.

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Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 11 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 18 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Two-Building Flex Property
Two-Building Flex Property

501509 501-509 Maine Ave, Farmingdale, ME 04344

$1,200,000
1,760 sqft

Separate public utilities and public sewer support flexible commercial operations.

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Office Properties with Separate Garage
Office Properties with Separate Garage

76 and 80 Sewall Street, Augusta, ME 04330

$625,000
4,361 sqft 0.84 AC lot

Two buildings offer flexible layouts with a separately accessed garage and Comm. & Res. zoning.

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Office Units with Separate Garage
Office Units with Separate Garage

7680 Sewall Street, Augusta, ME 04330

$625,000
4,361 sqft

Two-property setup combining office use, short-term rental space, and an independently accessed garage.

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Live-Work Retail and Residence
Live-Work Retail and Residence

664 Maine Avenue, Farmingdale, ME 04344

$325,000
1,472 sqft 0.32 AC lot

Property combines a one-bedroom home with an operating salon and customer parking on a high-visibility road.

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Off-Market Properties in Hallowell, ME

Consider similar Off-Market properties in Hallowell, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

116 2nd St
RESIDENTIAL PARKING GARAGE

116 2nd St, Hallowell, ME 04347-1476

$185,000
Estimated value
View details
270 Winthrop St
FINANCIAL BUILDING

270 Winthrop St, Hallowell, ME 04347-3029

$70,000
Estimated value
1,811 sqft 1.50 AC lot
View details
14 Greenville St
FINANCIAL BUILDING

14 Greenville St, Hallowell, ME 04347-1125

$190,000
Estimated value
1,280 sqft 0.16 AC lot
View details
2 Water St
Individual retail properties

2 Water St, Hallowell, ME 04347

Value Estimation by Request
725 sqft
View details
11 Inn Rd
Hotels

11 Inn Rd, Hallowell, ME 04347

Value Estimation by Request
22,158 sqft 31.20 AC lot
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2 Beech St
Office Units

2 Beech St, Hallowell, ME 04347

Value Estimation by Request
View details
232 Water St
Commercial real estate

232 Water St, Hallowell, ME 04347

Value Estimation by Request
5,413 sqft 0.91 AC lot
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18 Hope Dr
Industrial properties

18 Hope Dr, Hallowell, ME 04347

Value Estimation by Request
5,000 sqft 1.00 AC lot
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18 Hope Dr
Distribution properties

18 Hope Dr, Hallowell, ME 04347

Value Estimation by Request
5,000 sqft 1.00 AC lot
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133 Second St
Commercial real estate

133 Second St, Hallowell, ME 04347

Value Estimation by Request
4,087 sqft 0.36 AC lot
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101 Second St
Office Units

101 Second St, Hallowell, ME 04347

Value Estimation by Request
28,700 sqft
View details
241 Water St
Commercial real estate

241 Water St, Hallowell, ME 04347

Value Estimation by Request
1,130 sqft 0.43 AC lot
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192 Water St
Investment properties

192 Water St, Hallowell, ME 04347

Value Estimation by Request
4,000 sqft
View details

Hallowell, ME Commercial Real Estate Market Trends and Statistics

Explore 29 commercial real estate for sale in Hallowell, ME, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 55,816 square feet of properties for sale, with an estimated market value of $6,708,000.

Sale prices for business properties in Hallowell, ME start at $459,000, averaging $745,333, and reaching up to $1,195,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,570
Population Growth (5Y) +2.6%
Median Household Income $58,811
College Educated 67.7%

High-Yield Neighborhoods for Investment

Identify Hallowell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
04347 $689.1K

Taxes & Financing

Tax Rate (average for all types) 2.31%
Property Tax per SF $96.27 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kennebec County

New Delisted

Total CRE Inventory on Market (SF)

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