232 Water StHallowell, ME 04347

Property Details for 232 Water St

Year built

1965

Lot size

0.91 AC

Property size (Sq ft)

5,413 SF

Property type

Commercial real estate

Description

This exceptional commercial property at 232 Water Street in Hallowell, Maine, presents a unique investment opportunity. Boasting over 5,413 square feet of updated space currently occupied by two tenants, this property offers immediate income potential. The expansive 0.91-acre lot includes a paved parking area with capacity for over 80 vehicles, a significant advantage in this desirable downtown location. Two convenient dock entrances provide direct water access, ideal for a variety of commercial uses. The property's substantial water frontage offers breathtaking views up and down the Kennebec River, ensuring high visibility and attracting significant attention. The existing structure provides a solid foundation for continued operation or redevelopment, with endless possibilities for expansion or repurposing. Its prime location in the heart of Hallowell, combined with its impressive size and waterfront access, makes this property a truly rare find. The potential for development as a marina or similar water-dependent business is particularly compelling, given the extensive water frontage and ample parking. This is an exceptional opportunity to acquire a high-profile commercial property in a thriving Maine community.

Location Insight

City

Hallowell

County

Kennebec

State

Maine

Latitude

44.2816

Longitude

-69.7917

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