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Historic Mixed-Use Buildings with Riverfront
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152 Water St, Hallowell, ME 04347

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

Property SizeContact for details
Days on Market46

Property Features for 152 Water St

General Information

Standard status Active
Property subtype RETAIL

Amenities

historic cast-iron storefronts
river frontage
rear decks

Building Details

Buildings 2
Listing Agency: McAllister Real Estate
Listed By: Gleason Kim
Source: Moodyscre
Added: Jul 16 Changed: Aug 29 Last Checked: Aug 29 at 10:06PM

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 McAllister Real Estate

Investment Insights

Based on property information with market context.

This offering includes the adjoining properties at 152 and 154 Water Street, with commercial storefronts and upper-level space across two historic downtown buildings. Cast-iron storefront detailing, oversized display windows, hardwood floors, and abundant natural light contribute distinctive architectural character. The buildings can accommodate a range of stated uses, including retail, restaurant, office, gallery, professional, residential, and short-term rental space.

The property includes approximately 50 feet of owned frontage along the Kennebec River. Large rear decks face the water and provide additional outdoor space for restaurants, offices, residential units, or gatherings. Recent work includes new roofs on both buildings, new rear decks, and installation of many new windows. The properties are located in the center of downtown Hallowell, Maine.

Key Highlights

  • Two adjoining historic buildings at 152 and 154 Water Street
  • Approximately 50 feet of owned Kennebec River frontage
  • Cast‑iron storefronts with oversized display windows

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Locksmith Pharmacy Bakery Furniture & Home Goods Building Supply Garden Center

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

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two downtown buildings combine commercial storefronts, upper-level space, historic character, and direct Kennebec River frontage.
Where is this mixed-use property located?
The property is located at 152 Water St 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: Two adjoining historic buildings at 152 and 154 Water Street; Approximately 50 feet of owned Kennebec River frontage; Cast‑iron storefronts with oversized display windows
(207) 837-3180 Call to check price and availability
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