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    232 Water St Hallowell, ME 04347

    For Sale
    $1,350,000

    COMMERCIAL - Hallowell, ME

    Property size:
    5,413 SF
    Lot size:
    0.91 Acres
    Days on Market:
    36
    Last Refresh:
    Dec 12 at 12:06 am

    Property Features for 232 Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Downtown
    Basement
    Full, Crawl Space
    Size
    5,413 SF
    Lot size
    0.91 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1965
    Number of units
    2
    Flooring type
    Tile, Laminate, Wood
    Building materials
    Clapboard, Wood Frame
    Roof type
    Membrane

    Vallee Harwood & Blouin Real Estate (207) 622-2220 [email protected]

    Listing agent Christopher Vallee (207) 622-2220

    Listing date Nov 7, 2025

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hallowell Waterfront Property with Marina Potential

    This property is located in downtown Hallowell and features sweeping views. The updated structure offers over 5400 square feet of space and currently houses two tenants. A paved parking lot accommodates over 80 vehicles. The property includes two dock entrances and has an enormous amount of water frontage with views up and down the river. It also has tremendous visibility from the road. Situated on 0.91 acres, this property is zoned Downtown and presents opportunities for development or use as a marina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Café De Bangkok Thai Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallowell
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7918917
    Latitude
    44.2817829

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    • $275,000
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      High-Visibility Hallowell Commercial Space

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    FAQs

    What type of property is this?
    Marina - Rare downtown Hallowell property with sweeping views and marina potential.
    Where is this marina located?
    The property is located at 232 Water St Hallowell, ME.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Sweeping river views and substantial water frontage.; - Large paved parking lot with space for over 80 vehicles.; - Over 5400 sq ft of updated space with two existing tenants.
    (207) 622-2220
    Request Owner's contact information
    232 Water St Hallowell, ME 04347
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    Hallowell, ME 04347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 Water St Hallowell, ME 04347
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