192 Water St, Hallowell, ME 04347
This exceptional Class A business opportunity presents a fully operational restaurant and bar situated on a prime waterfront location at 192 Water St, Hallowell, Maine, 04347. Boasting 4,000 square feet across two stories in a single building, this turnkey establishment includes all fixtures, furniture, and equipment (FF&E), and benefits from existing staffing. The property is zoned for commercial use and features a spacious layout encompassing significant storage areas and a dedicated office. A key highlight is the expansive 30x50 foot outdoor deck, offering breathtaking panoramic views of the Kennebec River. This presents significant potential for on-site and off-site catering and delivery services. The asking price is $295,000, and the lease is a Net Net + (NN+) arrangement. This is a rare chance to acquire a thriving business in a highly desirable historic waterfront location. The property is located in Kennebec County and offers unparalleled views and a strong foundation for continued success. This is a truly unique opportunity for an experienced restaurateur or a savvy investor looking for a profitable, established business.
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Burano's Wood-Fired Pizzeria of Hallowell Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.