This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/84
$459,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/84
Property Description
This beautifully maintained property sits on approximately 0.30 acres with plenty of parking and high visibility is conveniently positioned near downtown Hallowell, offering easy access to local restaurants, shops, cultural attractions, the Kennebec River Rail Trail, I-95 and I-295. Water Street presents a truly special opportunity to own a business in one of Central Maine's most charming riverfront communities. Seasonal views of the Kennebec River. This elegant building features a spacious, light-filled studio with a separate entrance, vaulted ceiling, bamboo flooring, radiant floor heat and expansive views toward the landscaped gardens and river that could easily generate income as a studio, office or conference room. There is also a welcoming, covered front porch, wood floors throughout, unique light fixtures and rooms that could serve as separate offices. Solar panels provide a low electric bill. Surrounding the building is a professionally designed, mature landscape masterpiece designed for ultimate beauty and low-maintenance luxury. As a delightful bonus, a mature, producing fruit tree offers a bountiful summer harvest of delicious peaches straight from the backyard.
Full Property Details
Full Property Details for 332 Water St
General
- Price: $459,000
- Taxes: $5,570 (2025)
- Status: Active
- Type: Commercial
- Source: MREIS
- MLS ID: 1676345
- Updated: 8/18/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Office Building
Interior
- Flooring: Wood
Parking
- Parking Features: 5 - 10 Spaces, On-Site Parking, Paved
Location
- County: Kennebec
Heating & Cooling
- Cooling Type: None
- Heating Type: Propane, Direct Vent Heater, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Wood Frame, Shingle Siding, Wood Siding
- Basement: Yes
- Basement Desc.: Walk-Out Access, Partial, Unfinished
- Roof: Shingle
- Square Feet: 2,120
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,068
- Zoning: Business D
- Lot Description: Downtown, Near Shopping
Financial Considerations
- Tax Amount: $5,570
- Tax Year: 2025
Disclosures and Reports
- Lot Number: 50
Listed by Hoang Realty (207) 623-0623
Get Pre-Approved Today
Schools
Schools serving 332 Water St
School District:Regional School Unit 02
| Name | Grades | Distance |
|---|---|---|
Hall-Dale Middle and High School 97 Maple Street, Farmingdale, ME 04344 | 6-12 | 0.6 mi |
Hall-Dale Elementary School 26 Garden Lane, Hallowell, ME 04347 | PK-5 | 1.7 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 332 Water St
Date
Details
Price
Change
Source
8/14/2026
Listed
$459,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 332 Water St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,570
-4%
$291,600
—
2024
$5,803
19%
$291,600
37%
2023
$4,889
4%
$212,100
—
2022
$4,709
4%
$212,100
—
2021
$4,518
-1%
$212,100
—
2020
$4,560
1%
$212,100
—
2019
$4,518
8%
$212,100
—
2018
$4,178
—
$212,100
—
2017
$4,178
4%
$212,100
—
2016
$4,009
7%
$212,100
—
2015
$3,733
—
$212,100
—
2014
$3,733
3%
$212,100
—
2013
$3,627
—
$212,100
—
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
Estimate the Cost for 332 Water St
332 Water Street, Hallowell, ME 04347 (MLS# 1676345) is a Commercial property. 332 Water Street is currently listed for $459,000 and was received on August 14, 2026. Want to learn more about 332 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.

