Hallowell, ME Office Spaces for Sale

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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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Updated: Aug 14

Office Building with Studio

332 Water Street, Hallowell, ME 04347

$459,000

2,120 sqft 0.30 AC lot

2,120‑square‑foot office building on approximately 0.30 acres
Separate studio with private entrance, vaulted ceiling, bamboo flooring, and radiant floor heat
Built in 1900 with wood‑frame construction, wood floors, and shingle roof
Solar panels, public water, and public sewer
Accessible approach with ramp and basement

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Multi-Tenant Office Building

9 Union St, Hallowell, ME 04347

$740,000

3,604 sqft

Three-story professional property with medical and office tenants, accessible entry, and paved on-site parking.

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See what stands out in Kennebec County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Office Building with Studio

332 Water St, Hallowell, ME 04347

$459,000

2,120 sqft 0.30 AC lot

Flexible office layout includes a separate-entry studio, covered porch, solar panels, and landscaped grounds near downtown Hallowell.

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Church Property With Detached Residences

17 Union St, Hallowell, ME 04347

$850,000

5,000 sqft

Three detached buildings combine worship, residential, and flexible live-work uses on one in-town parcel.

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Historic Mixed-Use Buildings

152-154 Water Street, Hallowell, ME 04347

$895,000

3,804 sqft

Two downtown buildings combine commercial storefronts, upper-level space, river-facing decks, and owned Kennebec River frontage.

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Office and Apartment Building

6 Stoddard Lane, Hallowell, ME 04347

$475,000

3,687 sqft

Mixed-use building with multiple offices plus two 1-bedroom apartments, including renovated second-floor unit.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 7 Active listings in Hallowell, ME, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Flex Space with Lower-Level Access

45 Church Street, Gardiner, ME 04345

$485,000

7,848 sqft 0.62 AC lot

Commercially zoned property combines leased office areas with vacant, accessible lower-level space.

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Office Properties with Separate Garage

76 and 80 Sewall Street, Augusta, ME 04330

$625,000

4,361 sqft 0.84 AC lot

Two buildings offer flexible layouts with a separately accessed garage and Comm. & Res. zoning.

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Fully Leased State Office Building

76 Northern Ave, Gardiner, ME 04345

$5,100,000

48,771 sqft

Fully leased office building occupied by the State of Maine.

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Office Units with Separate Garage

7680 Sewall Street, Augusta, ME 04330

$625,000

4,361 sqft

Two-property setup combining office use, short-term rental space, and an independently accessed garage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land With Existing Buildings

595-597 Civic Center Drive, Augusta, ME 04330

$875,000

2,572 sqft 1.10 AC lot

Corner commercial parcel with two existing structures, public sewer, and PD zoning for a broad range of potential uses.

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Development Land on Academy Road

Academy Road lot: B2, Litchfield, ME 04350

$110,000

6.70 AC lot

6.7-acre parcel in Litchfield with zoning allowing limited service, retail, and municipal uses.

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Peninsular Waterfront Land with Tidal Frontage

2-1 US Route 1, Edgecomb, ME 04556

$295,000

6.80 AC lot

6.8-acre peninsular lot on the Sheepscot River’s Cod Cove with 1,460'+/- tidal water frontage and US Route 1 access.

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Commercial Land with Interstate Access

3 Evergreen Drive, Fairfield, ME 04937

$249,000

2.25 AC lot

Commercially zoned land with public water and sewer at a northbound interstate off-ramp.

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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.

Office Units

2 Beech St, Hallowell, ME 04347

Value Estimation by Request

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Office Units

101 Second St, Hallowell, ME 04347

Value Estimation by Request

28,700 sqft

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Hallowell, ME Office Spaces Market Trends and Statistics

Explore 9 office spaces for sale in Hallowell, ME, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 23,939 square feet of properties for sale, with an estimated market value of $4,618,000.

Sale prices for office spaces in Hallowell, ME start at $459,000, averaging $659,714, and reaching up to $895,000 — 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

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	$659.7K

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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