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$1,350,000
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Property 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.
Full Property Details
Full Property Details for 103 Water St
General
- Sold For: $1,350,000
- Taxes: $19,865 (2022)
- Status: Closed
- Type: Office
- Source: MREIS
- MLS ID: 1547187
- Added to Site: 1, 250 day(s) ago
Rental Information
- Complex Features: Elevator Passenger, Fire System
- Lease Info: Yes
Interior
- Flooring: Carpet, Tile, Vinyl, Wood
Parking
- Parking Features: 11 - 20 Spaces, On-Site Parking, Paved
Location
- County: Kennebec
- Location Details: Downtown, Historic District, Near Shopping, Water View
Heating & Cooling
- Cooling Type: Heat Pump
- Heating Type: Blowers, Forced Air, Heat Pump
- Heating Fuel: Gas Natural
Utilities
- Gas: Natural - At Street
- Sewer: Public Sewer
- Water: Public
Structural Information
- Description/Design: Office Building
- Construction: Masonry
- Exterior Const.: Brick
- Basement Desc.: Full, Sump Pump
- Roof: Membrane
- Square Feet: 13,218
- Current Bldg. Use: General Commercial
- Year Built: 1825
- Remodeled/Updated: 2018
Lot Features
- Zoning: downtown
Financial Considerations
- Operating Expenses: $40,500
- Tax Amount: $19,865
- Tax Year: 2022
Vallee Harwood & Blouin Real Estate
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Schools
Schools serving 103 Water St
School District:Regional School Unit 02
| Name | Grades | Distance |
|---|---|---|
Dresden Elementary School 86 Cedar Grove Road, Dresden, ME 04342 | PK-5 | 11.2 mi |
Monmouth Memorial School 130 Academy Road, Monmouth, ME 04259 | PK-8 | 12.4 mi |
Marcia Buker School 28 High Street, Richmond, ME 04357 | PK-5 | 14 mi |
Richmond Middle School 132 Main Street, Richmond, ME 04357 | 6-8 | 13.8 mi |
Monmouth Academy 96 Academy Road, Monmouth, ME 04259 | 9-12 | 12.5 mi |
Richmond High School 132 Main Street, Richmond, ME 04357 | 9-12 | 13.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 103 Water St
Date
Details
Price
Change
Source
4/11/2023
Sold
$1,350,000
-12.9%
MLS
11/01/2022
Listed
$1,550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
103 Water Street, Hallowell, ME 04347 (MLS# 1547187) is a Office property that was sold at $1,350,000 on April 11, 2023. Want to learn more about 103 Water Street? Do you have questions about finding other Office real estate for sale in Hallowell? You can browse all Hallowell real estate or contact a Coldwell Banker agent to request more information.

