103 Water Street, Hallowell, ME 04347

$1,350,000

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1547187

Property Type: Commercial Square Footage: 13,218 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $1,350,000 List Date: 11/01/2022 Last Modified: 1/13/2025

Overview

Description

What a spot. Downtown Hallowell's Anchor building is for sale. This stunning property has over 13,000 of fully occupied leased space. The first floor is a restaurant and training facility. The second floor is a real estate company, the third and fourth floors are the State of Maine and Maine Aquaculture. The property has new heat pumps, sprinkler system, rubber roof, paved parking. Building is 100% updated and occupied and has an extremely generous cap rate. Formerly ''key bank'', this is an amazing property either as an investment, 1031 tax free exchange, or to just collect rents and make money yourself.

Listing Details MLS# 1547187

Location Information

Street #: 103
Street Name: Water
Street Type: Street
County: Kennebec
Town: Hallowell
State/Province: ME
Zip Code: 04347
Zip +4: 1300
Leased Land: No
Book: 11603
Page: 27
Map: 5
Lot: 147
Zoning: downtown
Full Tax Amount $: 19865
Tax Year: 2022
Association Y/N: No

Contract Information

Original List Price: 1550000

Property Information

Primary Use: General Commercial
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Year Built: 1825
Year Renovated +/-: 2018
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 4
SqFt Finished Total: 13218
Lot Size Acres +/-: 0.34

Status Change Info

Pending Date: 2023-01-13
Closed Date: 2023-04-11
Closed Price: 1350000

Commercial Bldg Information

Gross Income: 146400
Operating Expenses: 40500

Water Info

Water Frontage: No
Water View: Yes

More Information

Utilities

Utilities On: Yes

Sold Info

Appraiser Email Address: john@jpowellappraisals.com

Location

Downtown: Yes
Historic District: Yes
Near Shopping: Yes
Water View: Yes

Property Uses

Office Building: Yes

Recreational Water

Nearby: Yes

Construction

Masonry: Yes

Basement

Full: Yes
Sump Pump: Yes

Foundation Materials

Brick/Mortar: Yes
Granite: Yes
Poured Concrete: Yes
Stone: Yes

Exterior

Brick: Yes

Roof

Membrane: Yes

Heat System

Blowers: Yes
Forced Air: Yes
Heat Pump: Yes

Heat Fuel

Gas Natural: Yes

Cooling

Heat Pump: Yes

Floors

Carpet: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Building Features

Elevator Passenger: Yes
Fire System: Yes

Parking

11 - 20 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Gas

Natural - At Street: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Sold Terms Other

Arms Length: Yes

Property Features

Location: Downtown; Historic District; Near Shopping; Water View Recreational Water: Nearby Construction: Masonry Property Uses: Office Building Basement: Full; Sump Pump Foundation Materials: Brick/Mortar; Granite; Poured Concrete; Stone Exterior: Brick Roof: Membrane Heat System: Blowers; Forced Air; Heat Pump Heat Fuel: Gas Natural Cooling: Heat Pump Floors: Carpet; Tile; Vinyl; Wood Building Features: Elevator Passenger; Fire System Parking: 11 - 20 Spaces; On Site; Paved Electric: Circuit Breakers Gas: Natural - At Street Sewer: Public Sewer Water: Public Sold Terms Other: Arms Length

Documents

Deed, disclosure, map ›

IDX

Listing Office: LAER

Selling Office: LAER

Last Updated: January - 13 - 2025

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. Copyright ©2026 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.