152-154 Water Street Hallowell, ME 04347
New
152-154 Water Street, Hallowell, ME, 04347
$895,000
For Sale
$895,000
COMMERCIAL - Hallowell, ME
Property Size3,804 SF
Lot Size0.06 Acres
Price / SF$235.28
Days on Market2
Property Features for 152-154 Water Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full
- Standard status
- Active
- Size
- 3,804 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5474
Utilities
- Sewer type
- Public Sewer
- Heating system
- None (Heating)
- Water source
- Public
Building Details
- Flooring type
- Wood
- Building materials
- Masonry, Stone, Brick
- Roof type
- Shingle
Listing Agency
McAllister Real Estate
(207) 621-2345
143 Water Street, Hallowell, ME
Listed by
Kimberly Gleason
(207) 837-3180
Added: Jul 17 Checked: Jul 18 at 10:06 am
MLS# 1672398
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Offered together: 154 and 152 Water Street in downtown Hallowell
- Approx. 50 ft of owned frontage on the Kennebec River with large rear decks overlooking the water
- Historic cast‑iron storefronts and landmark masonry/stone/brick construction
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.5k | $18.00 |
| − Vacancy | −$5.7k | −$1.49 |
| EGI | $62.8k | $16.51 |
| − OpEx | −$23.5k | −$6.19 |
| NOI | $39.2k | $10.32 |
3,804 SF · lease $18.00/SF/yr · vacancy 8.30% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$560.6K
$490.5K – $654.1K
NOI $39,243 @ 7.0% cap · market cap 4.38%
Second Best
Retail
$524.8K
$459.2K – $612.2K
NOI $36,734 @ 7.0% cap · market cap 4.10%
Theoretical Best
Warehouse
$5.68M
$4.97M – $6.62M
NOI $397,264 @ 7.0% cap · market cap 44.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
Where is this mixed-use property located?
The property is located at 152-154 Water Street Hallowell, ME.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Offered together: 154 and 152 Water Street in downtown Hallowell; Approx. 50 ft of owned frontage on the Kennebec River with large rear decks overlooking the water; Historic cast‑iron storefronts and landmark masonry/stone/brick construction
