9 Union Street, Hallowell, ME 04347
COMMERCIAL - Hallowell, ME
- Added:
- Jun 24, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 28 at 2:06 am
Property Features for 9 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- RB2
- Rooms
- Basement
- Basement
- Full, Unfinished, Sump Pump
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 3,604 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 13082
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil, Baseboard, Forced Air, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 6
- Flooring type
- Hardwood, Carpet, Vinyl
- Building materials
- Wood Frame, Clapboard
- Roof type
- Shingle
Listing agent Christopher Vallee (207) 242-2041
Listing office LAER 49 Oak Street #2, Hallowell, ME (207) 622-2220
Listing date Jun 24, 2026
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.
HighLights
- 7% Cap Rate
- Anchor tenant is an extremely successful family practice with rock solid lease
- Tremendous growth potential with five solid tenants on upper floors
- Stunning curb appeal with new cedar siding on two sides
- Paved parking lot with 6+ spaces and wheelchair accessible ramp
- Desirable intown Hallowell location with great visibility
Overview
Located at 9 Union Street in Hallowell, Maine, the building sits on a 0.13-acre lot and is zoned RB2. The configuration supports a mixed tenant setup across multiple floors, with on-site parking to serve occupants and visitors.
For investors or owner-operators, the property offers a multi-tenant office arrangement with an occupied first-floor suite operated as a family practice. Prospective buyers can evaluate the existing tenant mix and lease structures while considering the building’s maintained exterior improvements, accessible entry, and parking to support day-to-day occupancy needs.
Local Financial Insights For Office B
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 | $77.8k | $21.60 |
| − Vacancy | −$9.9k | −$2.75 |
| EGI | $67.9k | $18.85 |
| − OpEx | −$17.0k | −$4.71 |
| NOI | $50.9k | $14.14 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hallowell
- County
- Kennebec
- State
- Maine
- Longitude
- -69.7911082
- Latitude
- 44.2855021
