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    Hallowell, ME
    Medical Premises

    Hallowell, ME Medical Office Space for Sale

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    Chelsea, ME Augusta, ME Farmingdale, ME Manchester, ME Gardiner, ME Randolph, ME West Gardiner, ME Pittston, ME
    Multi-Tenant Office Building
    Updated: Jun 24
    Multi-Tenant Office Building

    9 Union Street, Hallowell, ME 04347

    $740,000
    3,604 sqft 0.13 AC lot
    3,604‑square‑foot office building on a 0.13‑acre lot
    First‑floor family practice plus five tenants on the second and third floors
    Reported 7% cap rate
    New roof installed April 2026
    Paved parking lot with 6+ spaces
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    This listing looks promising.

    Here's a quick look at some key insights for

    9 Union Street, Hallowell, ME 04347

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    • Est. Cap Rate

      6.9%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Price @ 7% Cap

      $728K
      Suggested

    • Property Type

      Single Family Residence
      Built 1900
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    Multi-Tenant Office Building
    Updated: Jul 20
    Multi-Tenant Office Building

    9 Union St, Hallowell, ME 04347

    $740,000
    3,604 sqft
    3,604‑square‑foot office building constructed in 1900
    Three floors with a family practice on the first floor and five additional tenants above
    Paved parking lot with 6+ spaces
    Wheelchair‑accessible ramp
    New cedar siding on two sides
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Office Property with Flexible Layout
    Office Property with Flexible Layout

    10 Pethaven Lane, Augusta, ME 04330

    $449,000
    12,093 sqft 1.04 AC lot

    Zoned CC, CON, and RB1, the property is near shopping, restaurants, and major highways.

    View details
    Versatile Commercial Building with Parking
    Versatile Commercial Building with Parking

    10 Pethaven Lane, Augusta, ME 04330

    $498,750
    12,093 sqft

    Commercial building with parking on a 1.04-acre lot, formerly used by the Kennebec Valley Humane Society.

    View details
    Medical Office Space with Living Area
    Medical Office Space with Living Area

    88 Libby Hill Road, Oakland, ME 04963

    $535,000
    1.99 AC lot

    Commercially zoned property with an established veterinary layout and an upper-level residential component.

    View details
    Single-Level Medical Office Space
    Single-Level Medical Office Space

    9 Pleasant Street, Oakland, ME 04963

    Contact for pricing
    5,300 sqft

    Commercial space with on-site parking in Oakland, positioned across from the town office.

    View details

    Off-Market Properties in Hallowell, ME

    Consider similar Off-Market properties in Hallowell, ME. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    101 Second St
    Office Units

    101 Second St, Hallowell, ME 04347

    Value Estimation by Request
    28,700 sqft
    View details

    Hallowell, ME Medical Office Space Market Trends and Statistics

    Explore 3 medical office space for sale in Hallowell, ME on our real estate platform. These investment opportunities span a total of 7,208 square feet of properties for sale, with an estimated market value of $1,480,000.

    Sale prices for medical spaces in Hallowell, ME average $740,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office buildings 5
    Office Units 5
    Creative space 2
    Medical Office Space 2

    Demographics Overview

    Population 2,570
    Population Growth (5Y) +2.6%
    Median Household Income $58,811
    College Educated 67.7%

    High-Yield Neighborhoods for Investment

    Identify Hallowell submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    04347 $740K

    Taxes & Financing

    Tax Rate (average for all types) 2.31%
    Property Tax per SF $96.27 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kennebec County

    New Delisted

    Total CRE Inventory on Market (SF)

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    Featured Hallowell Real Estate Agencies

    Realmo connects you with licensed Hallowell CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Vallee Harwood & Blouin Real Estate
    103 Water St Hallowell, ME 04347
    Phone: 12076222220

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