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    OFF-MARKET
    Commercial real estate

    192 Water St, Hallowell, ME 04347

    4,000 SF
    Property ID
    US42-0876966
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 4,000 SF
    UPID US42-0876966
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Burano's Wood-Fired Pizzeria of Hallowell Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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