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    2 Water St Hallowell, ME 04347

    Sponsored
    For Lease
    $33 SF/Yr ($1,993 /Mo)

    Prime Hallowell retail building, 20+ parking spaces.

    Lot size:
    725 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 725-square-foot free-standing retail building at 2 Water Street in Hallowell, Maine, presents a unique investment opportunity. Built in 1980, the Class C property is zoned BA - Business A and boasts ample parking with over 20 spaces. The entire building, totaling 725 square feet, is currently vacant, offering immediate occupancy for a new tenant. Its previous use as a Dairy Queen highlights the potential for a variety of permitted businesses, particularly those benefiting from a drive-through window, a feature still present on the property. Located on the highly trafficked Route 201, this location provides excellent visibility and accessibility. The property sits conveniently near the Augusta city line, within a thriving community. The landlord prohibits marijuana-related uses. This is an ideal space for a business seeking high visibility and convenient access in a strong community location. The property is situated in Kennebec County, Maine, with a zip code of 04347. The building's location offers significant advantages for businesses seeking a high-traffic location with ample parking. The vacant space presents a blank canvas for a new business to establish itself in a desirable area.

    Property Features for 2 Water St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    725 SF
    Class
    C
    Total Rate
    1993.75

    Building Details

    Year Built
    1980

    Unit(s) available at that property

    Space
    Available Space
    Size
    725 SF
    Rate per SF
    $33

    HighLights

    • High‑traffic location on Route 201/7.
    • No cannabis permitted on the premises.
    • Ample parking with drive‑thru access.
    • Excellent visibility for high foot and vehicle traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hallowell
    County
    Kennebec
    State
    Maine
    Longitude
    -69.8126639
    Latitude
    44.2929172

    Nearby Comparable

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      Downtown Hallowell Commercial Space

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    Nearby Similar for Lease

    • $550 /Mo
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      Renovated Office Suites Available

      Quality office suites in a renovated masonry building.
      2 Beech St, Hallowell, ME
      View Details
    • $14 SF/Yr
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      Prime Hallowell Office Space

      Class A Office Suites, 3,232-8,612 SF Available
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    • $1,700 /Mo
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      Hallowell Office Space for Lease

      Spacious office space in downtown Hallowell available for lease.
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    • $6 SF/Yr
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      Downtown Hallowell Commercial Space

      900 SF commercial space in downtown Hallowell.
      210 Water St, Hallowell, ME 04347
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Hallowell retail building, 20+ parking spaces.
    Where is this individual retail property located?
    The property is located at 2 Water St Hallowell, ME.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location on Route 201/7.; No cannabis permitted on the premises.; Ample parking with drive-thru access.
    Request Owner's contact information
    2 Water St Hallowell, ME 04347
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Water St Hallowell, ME 04347
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