Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Freestanding property

    2 Water St, Hallowell, ME 04347

    725 SF Built 1980
    Property ID
    US42-0099024
    Property summary
    AI-generated overview

    This 725-square-foot free-standing retail building at 2 Water Street in Hallowell, Maine, presents a unique investment opportunity. Built in 1980, the Class C property is zoned BA - Business A and boasts ample parking with over 20 spaces. The entire building, totaling 725 square feet, is currently vacant, offering immediate occupancy for a new tenant. Its previous use as a Dairy Queen highlights the potential for a variety of permitted businesses, particularly those benefiting from a drive-through window, a feature still present on the property. Located on the highly trafficked Route 201, this location provides excellent visibility and accessibility. The property sits conveniently near the Augusta city line, within a thriving community. The landlord prohibits marijuana-related uses. This is an ideal space for a business seeking high visibility and convenient access in a strong community location. The property is situated in Kennebec County, Maine, with a zip code of 04347. The building's location offers significant advantages for businesses seeking a high-traffic location with ample parking. The vacant space presents a blank canvas for a new business to establish itself in a desirable area.

    Property profile
    Verified
    Property type Freestanding property
    Year built 1980
    Total area 725 SF
    UPID US42-0099024
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 2 Water St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message