Property profile

2 Water St Hallowell, ME 04347

FOR LEASE
Retail properties & Spaces
Property ID
US42-0099024
725 SF Built 1980
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2 Water St, Hallowell, ME 04347 For Lease
Contact for pricing 725 SF available
2 Water St, Hallowell, ME 04347
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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 Retail properties & Spaces
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

Location

2 Water St Hallowell, ME 04347
Hallowell metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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