2 Beech St Hallowell, ME 04347
This renovated 3-story, Class B office building at 2 Beech Street in Hallowell, Maine (04347) offers flexible office spaces ranging from 175 to 2,300 square feet. Built in 1875, the property features updated exteriors, energy-efficient windows, and modern interiors including wall-to-wall carpeting, sheetrocked walls, new lighting, and acoustical tile ceilings. All asbestos and lead paint has been abated. The building is currently 70% occupied by a mix of professional tenants. The first two floors are partitioned into various suites, some including fireplaces and conference rooms, ideal for executive office space. The third floor, a renovated attic space, offers additional office space with exposed wooden beams. Suites 203, 207, and 208 can be combined for a total of 2,300 square feet, available for $3,450 per month gross. Alternatively, Suite 207 can be subdivided into individual 175-square-foot offices, each leasing for $550 per month gross. The minimum divisible space is 450 square feet, with a maximum contiguous space of 1,503 square feet. The property is zoned SSPDD and located within the Kennebec County Stevens Commons development, a planned mixed-use project featuring conserved open space, residential options, and enhanced community amenities. This presents a unique opportunity to lease office space in a revitalized historic building within a growing community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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