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$1,350,000

  • For Sale
  • Active
  • Commercial
See This Home
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What a spot!!! Sweeping views and potential galore comes with this fantastic and rare piece of property in desirable downtown Hallowell. The updated structure has over 5400 s.f. of space between two existing tenants. The paved parking lot has parking for over 80 vehicles. There are 2 dock entrances. The opportunities are endless. Ideal for development or a marina with an enormous amount of water frontage with sweeping views up and down the river and tremendous visibility from the road.

Full Property Details for 232 Water St

General

  • Price: $1,350,000
  • Taxes: $14,578 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MREIS
  • MLS ID: 1605458
  • Updated: 11/7/2025
  • Added to Site: 137 day(s) ago

Business

  • Business Type: Office Building, Restaurant

Interior

  • Flooring: Wood, Tile, Laminate

Parking

  • Parking Features: 21 or More Spaces, On-Site Parking, Paved

Location

  • County: Kennebec

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Space Heater, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Clapboard, Wood Frame
  • Roof: Membrane
  • Stories/Levels: 1
  • Building Size: 5413
  • Square Feet: 5,413
  • Living Area: 5,413 Sq. Ft.
  • Year Built: 1965

Lot Features

  • Lot Size (Acres): 0.91
  • Lot Size (Sq. Ft.): 39,639.6
  • Zoning: Downtown
  • Lot Description: Waterfront, Water View, Downtown, Deep Water Access, Historic District, Near Shopping

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $14,578
  • Tax Year: 2023

Disclosures and Reports

  • Lot Number: 194

Listed by Laer (207) 622-2220

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Listing agent

— 232 Water St —

  • Laer

    207-622-2220

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 232 Water St

School District:Regional School Unit 02
NameGradesDistance
Dresden Elementary School
86 Cedar Grove Road, Dresden, ME 04342
PK-510.8 mi
Monmouth Memorial School
130 Academy Road, Monmouth, ME 04259
PK-812.2 mi
Marcia Buker School
28 High Street, Richmond, ME 04357
PK-513.6 mi
Richmond Middle School
132 Main Street, Richmond, ME 04357
6-813.4 mi
Monmouth Academy
96 Academy Road, Monmouth, ME 04259
9-1212.4 mi
Richmond High School
132 Main Street, Richmond, ME 04357
9-1213.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 232 Water St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/07/2025
Price Reduced
$1,350,000
-10%
MLS
10/01/2024
Listed
$1,500,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 232 Water St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,579
19%
$732,600
37%
2023
$12,283
4%
$532,900
—
2022
$11,830
4%
$532,900
—
2021
$11,351
-1%
$532,900
—
2020
$11,457
1%
$532,900
—
2019
$11,351
8%
$532,900
—
2018
$10,498
5%
$532,900
5%
2017
$10,031
4%
$509,200
—
2016
$9,624
7%
$509,200
—
2015
$8,962
—
$509,200
—
2014
$8,962
4%
$509,200
1%
2013
$8,636
—
$505,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 232 Water St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Laer (207) 622-2220

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232 Water Street, Hallowell, ME 04347 (MLS# 1605458) is a Commercial property. 232 Water Street is currently listed for $1,350,000 and was received on October 06, 2025. Want to learn more about 232 Water Street? Do you have questions about finding other Commercial real estate for sale in Hallowell? You can browse all Hallowell real estate or contact a Coldwell Banker agent to request more information.

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