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About the Listing 1615 - 000845,019504
Exceptional Downtown Hallowell Investment Opportunity 154 & 152 Water Street are being offered together, presenting a rare opportunity to own two of the most prominent and recognizable buildings in the heart of downtown Hallowell. Featuring stunning historic cast-iron storefronts, these landmark properties offer outstanding visibility, character, and endless potential. With approximately 50 feet of owned frontage on the Kennebec River, this unique offering combines iconic downtown real estate with the rarity of waterfront ownership. Large rear decks overlook the river, creating an exceptional setting for restaurants, offices, residential units, or gathering spaces with breathtaking water views. The spacious commercial storefronts are ideal for retail, restaurant, office, gallery, or professional use, while the upper floors present an excellent opportunity for apartments, short-term rentals, offices, or additional commercial space. Recent improvements include new roofs on both buildings, new rear decks, and many new windows that have already been installed. Inside, you'll find beautiful hardwood floors, abundant natural light from oversized display windows, and the timeless craftsmanship that makes these buildings truly special. Whether you're an investor, entrepreneur, or developer, this is a once-in-a-generation opportunity to acquire two historic downtown buildings, 50 feet of owned Kennebec River frontage, and exceptional income and redevelopment potential, all in the center of one of Maine's most vibrant and sought-after downtown communities.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Commercial Sale
MLS ®
1672398
Year Built
Total Square Footage
3,804
Lot/Acreage
0.06
County
Kennebec
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: No Heat Fuel
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Historic District,Downtown
- Garage Capacity: N/A
- Zoning: Commercial
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $5,474
- Taxes w/Assessments: N/A
- Tax/Property ID: HALL-000009-000000-000170
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
152154 152-154 Water St Hallowell, ME 04347
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