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Freestanding Drive-Through Restaurant
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2 Water Street, Hallowell, ME 04347

Freestanding quick-service restaurant building with an existing drive-through window and more than 20 on-site parking spaces.

Space Size725 SF
Days on Market2125

Property Features for 2 Water Street

General Information

Standard status Active
Size 725 SF
Property subtype RETAIL

Additional Details

Road Access Yes

Spaces For Lease

at 2 Water Street Contact us

Free-Standing Retail Building $2,000/Mo

Floor
1
Size
725 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE
Sublease
No
This 725± SF freestanding building offers an ideal setup for a quick-service restaurant...
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Contact us
Listing Agency: Magnusson Balfour/KW Commercial a div. of Keller Williams Realty
Listed By: Dennis Wheelock · License #BR921652
Source: Moodyscre
Added: Nov 12, 2020 Changed: Aug 8 Last Checked: Jul 23 at 6:09PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Magnusson Balfour/KW Commercial a div. of Keller Williams Realty

Investment Insights

Based on property information with market context.

Freestanding restaurant building totaling approximately 725± square feet, configured for a quick-service concept with an existing drive-through window. The site was previously operated as a Dairy Queen and includes more than 20 on-site parking spaces, supporting takeout- and drive-through-oriented operations.

The property is located on busy Route 201 at the Augusta city line, with visibility and convenient access for passing traffic.

Please note that marijuana-related uses are not permitted by the landlord.

Key Highlights

  • 725± SF freestanding quick‑service restaurant building previously operated as a Dairy Queen
  • Existing drive‑through window for takeout and quick‑service concepts
  • More than 20 on‑site parking spaces

Property Analytics

Current Use

Drive through restaurants

Suggested Use

Top Pick Pharmacy Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Building Supply Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$4.97 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

212
Businesses Nearby
1k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Sullivan Tire Shops & Services
696 visits/mo 0.3 miles
Meineke Car Care Center Shops & Services
399 visits/mo 0.5 miles
Carquest Auto Parts # 14632 Shops & Services
211 visits/mo 0.1 miles

Demographics for 04347, ME

2,570
Population
1,436
Households
1.8
Avg Household Size
51
Median Age
46%
College-Educated
92%
High-School Grad
5.9 sq mi
ZIP Area
436
Density / Sq Mi
$58,811
Median Household Income
$37,027
Median Earnings
$830
Median Rent
$266,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Drive through restaurant - Freestanding quick-service restaurant building with an existing drive-through window and more than 20 on-site parking spaces.
Where is this drive through restaurant located?
The property is located at 2 Water Street Hallowell, ME.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: 725± SF freestanding quick‑service restaurant building previously operated as a Dairy Queen; Existing drive‑through window for takeout and quick‑service concepts; More than 20 on‑site parking spaces
(207) 242-5588 Call to check price and availability
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