9 Union Street, Hallowell, ME 04347 (MLS# 1640742)

9 Union Street, Hallowell, ME 04347

$740,000

Virtual Tour

https://www.propertypanorama.com/instaview/mreis/1640742

Property Type: Commercial Square Footage: 3,604 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $740,000 List Date: 3/03/2026 Last Modified: 4/20/2026

Overview

Description

INVESTORS TAKE NOTE!! Beautifully maintained professional building intown desirable Hallowell. New Roof April 2026. First floor anchor tenant is an extremely successful family practice with rock solid lease. The second and third floors have five tenants with tremendous growth potential. All 5 tenants pay extremely low rents but are very solid. The real estate has stunning curb appeal, new cedar siding on two sides, a paved parking lot with 6+ spaces, wheelchair accessible ramp, great visibility and so much more. It's a great place to park your money or for a 1031 tax free exchange. 7% cap rate

Listing Details MLS# 1640742

Location Information

Street #: 9
Street Name: Union
Street Type: Street
County: Kennebec
Town: Hallowell
State/Province: ME
Zip Code: 04347
Zip +4: 1365
Leased Land: No
Book: 6264
Page: 131
Map: 9
Lot: 156
Zoning: RB2
Zoning Overlay: Unknown
Full Tax Amount $: 13082
Tax Year: 2024
Tree Growth Y/N: No
Association Y/N: No

Contract Information

Original List Price: 750000

Property Information

Primary Use: Office
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Deed Restrictions: Unknown
Year Built: 1900
Year Renovated +/-: 2000
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 3
SqFt Finished Total: 3604
Lot Size Acres +/-: 0.13

Commercial Bldg Information

Gross Income: 84300
Operating Expenses: 29461
Total Units: 6

Water Info

Water Frontage: No

Utilities

Utilities On: Yes

More Information

Levels

Multi-Level: Yes

Location

Downtown: Yes
Historic District: Yes
Near Shopping: Yes

Property Uses

Freestanding Building: Yes
Medical: Yes
Office Building: Yes

Construction

Wood Frame: Yes

Basement

Bulkhead: Yes
Full: Yes
Sump Pump: Yes
Unfinished: Yes

Foundation Materials

Granite: Yes
Poured Concrete: Yes

Exterior

Clapboard: Yes

Roof

Shingle: Yes

Heat System

Baseboard: Yes
Forced Air: Yes
Hot Water: Yes

Heat Fuel

Electric: Yes
Oil: Yes

Cooling

Central Air: Yes

Floors

Carpet: Yes
Hardwood: Yes
Vinyl: Yes

Accessibilitiy Amenities

Ramped Main Level: Yes

Building Features

Security System: Yes

Parking

5 - 10 Spaces: Yes
On Site: Yes
Paved: Yes

Electric

Circuit Breakers: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

Property Features

Location: Downtown; Historic District; Near Shopping Construction: Wood Frame Levels: Multi-Level Property Uses: Freestanding Building; Medical; Office Building Basement: Bulkhead; Full; Sump Pump; Unfinished Foundation Materials: Granite; Poured Concrete Exterior: Clapboard Roof: Shingle Heat System: Baseboard; Forced Air; Hot Water Heat Fuel: Oil Cooling: Central Air Floors: Carpet; Hardwood; Vinyl Building Features: Security System Parking: 5 - 10 Spaces; On Site; Paved Electric: Circuit Breakers Sewer: Public Sewer Water: Public

Documents

Property Disclosure Public Access ›

IDX

Listing Office: LAER

Last Updated: April - 20 - 2026

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.