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Waterfront Ice Cream Restaurant
For Sale
$395,000

176 Water Street, Hallowell, ME 04347

Seasonal business includes a wraparound deck and direct frontage along the Kennebec River.

Property Size196 SF
Days on Market171

Property Features for 176 Water Street

General Information

Standard status Active
Size 196 SF
Property subtype Commercial
Zoning commercial

Additional Details

Business Included Yes
Patio Yes

Taxes and HOA fees

Annual Taxes $2,473

Amenities

wraparound deck
Kennebec River frontage

Building Details

Building Size 196 SF
Stories 1
Listing Agency: LAER
Listed By: Christopher Vallee
Source: Startpoint
Added: Feb 16 Changed: Aug 2 Last Checked: Aug 5 at 1:33PM

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 LAER

Investment Insights

Based on property information with market context.

The Local Scoop is an ice cream stand and operating seasonal business at 176 Water Street in downtown Hallowell. The property includes a large wraparound deck and 40 feet of frontage along the Kennebec River, combining customer seating with a waterfront setting. The business has been family operated for several summers and offers an established format for serving ice cream treats from the site.

Located in downtown Hallowell, the property combines a commercial restaurant use with river frontage and outdoor space. The owners are prepared to transfer the business to a new operator. Seller financing is available, providing an alternative transaction structure for a qualified purchaser.

Key Highlights

  • 40 feet of Kennebec River frontage
  • Large wraparound deck
  • Established family‑run ice cream business

Property Analytics

Current Use

The Local Scoop Grocery & Convenience Store

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.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby
Balanced
Demand for This Use

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?
Conventional restaurant - Seasonal business includes a wraparound deck and direct frontage along the Kennebec River.
Where is this conventional restaurant located?
The property is located at 176 Water Street Hallowell, ME.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 40 feet of Kennebec River frontage; Large wraparound deck; Established family‑run ice cream business
More about this property
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