192 Water Street, Hallowell, ME 04347

$1,195,000
Property Type: Multi-Family Baths: 2 Square Footage: 7,380 Lot Size (sq. ft.): 11,326 Status: Active
Current Price: $1,195,000 List Date: 2/01/2026 Last Modified: 2/01/2026

Description

Exciting opportunity to own a commercial waterfront property on the Kennebec River. This sale includes three parcels: two interconnected buildings and a parcel used by the restaurant as patio. 89 feet of unobstructed river views. The buildings were extensively renovated and updated in mid 2000's+/-. Currently, there is a 2-bedroom, 1.5-bath residential apartment with a covered deck that overlooks the river. The commercial space offers approximately 5900 square feet, featuring multiple dining areas and office space, along with an additional 1100 square feet of lower-level storage. Additional store front retail space and a rear office/studio unit available to lease out. All new electrical, plumbing, heating and foundation redone during the mid 2000 renovations. By appointment only, please do not disturb the tenants and restaurant employees.

Supplements: ********

More Information MLS# 1650849

Location Information

Book: 14534 Leased Land: No Page: 239 Map: 009 Lot: 179,180,181 Zoning Overlay: Unknown Association: No Tree Growth Y/N: No Street #: 192 Street Name: Water Street Type: Street County: Kennebec Town: Hallowell State/Province: ME Zip Code: 04347 Zip +4: 1315 Zoning: Comm Full Tax Amount $: 13000 Tax Year: 2025 Geo Lat: 44.284923 Geo Lon: -69.790052

Property Information

Surveyed: Yes Seasonal: No Number of Units: 1 Lot Size Acres +/-: 0.26 Total Baths: 2 Total Half Baths: 1 Road Frontage: Yes Road Frontage +/-: 86 Source of Road Frontage: Survey SqFt Finished Above Grade: 7380 SqFt Finished Below Grade: 0 SqFt Source: Public Records Garage: No Total Full Baths: 1 Year Built: 1840 SqFt Finished Total: 7380 Source of Acreage: Survey

Levels

Multi-Level: 1

Site

Level: 1

Location

Intown: 1

Roads

Private Road: 1 Public: 1

Water Info

Water Frontage: Yes Waterfront Amount: 89 Water Frontage Owned: 89 Water Frontage Shared: 0 Water View: Yes Water Body Name: Kennebec

Source of Water Frontage

Survey: 1

Water Body Type

River: 1

Recreational Water

Deeded: 1 River/Brook/Stream: 1 Waterfront Deep: 1

Style

Other: 1

Construction

Masonry: 1 Wood Frame: 1

Basement

Full: 1 Walk-Out Access: 1

Foundation Materials

Block: 1 Brick/Mortar: 1 Poured Concrete: 1

Exterior

Brick: 1 Clapboard: 1

Roof

Membrane: 1 Shingle: 1

Heat System

Forced Air: 1 Heat Pump: 1 Hot Water: 1

Heat Fuel

Electric: 1 Gas Bottled: 1 Oil: 1

Income & Expenses

Gross Income: 120000 Operating Expenses: 18000

Cooling

Central Air: 1 Heat Pump: 1

Floors

Tile: 1 Wood: 1

Units

# of 2 BD Units: 1

Parking

5 - 10 Spaces: 1 Off Street: 1

Unit 1

Lease: No Level: Third Security Deposit: No Monthly Rent: 1500 # Full Baths: 1 # of Half Baths: 1 # of Rooms: 4 # of Bedrooms: 2 Dedicated Electric Meter: Yes Dedicated Gas Meter: No Dedicated Water Heater: No Electric: No Heat: Yes Range: Yes Refrigerator: Yes Sewer: Yes Water: Yes

Electric

Circuit Breakers: 1

Gas

Bottled: 1

Sewer

Public Sewer: 1

Water

Public: 1

Driveway

Gravel: 1

Basement Entry

Interior: 1

Water Heater

Off Heating System: 1

Vehicle Storage

4+ Car: 1 No Vehicle Storage: 1

Contract Information

Status: Active Original List Price: 1195000 List Price: $1,195,000 Current Price: $1,195,000

Property Features

Site: Level Location: Intown Roads: Private Road; Public Source of Water Frontage: Survey Water Body Type: River Recreational Water: Deeded; River/Brook/Stream; Waterfront Deep Style: Other Levels: Multi-Level Construction: Masonry; Wood Frame Basement: Full; Walk-Out Access Basement Entry: Interior Foundation Materials: Block; Brick/Mortar; Poured Concrete Exterior: Brick; Clapboard Roof: Membrane; Shingle Heat System: Forced Air; Heat Pump; Hot Water Heat Fuel: Gas Bottled; Oil Water Heater: Off Heating System Cooling: Central Air; Heat Pump Floors: Tile; Wood Driveway: Gravel Parking: 5 - 10 Spaces; Off Street Vehicle Storage: 4+ Car; No Vehicle Storage Electric: Circuit Breakers Gas: Bottled Sewer: Public Sewer Water: Public
Listing Office: RE/MAX Riverside
IDX
Last Updated: February - 01 - 2026
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