103 Water Street, Hallowell, ME 04347
$1,350,000
Property Type:
Commercial
Square Footage:
13,218
Lot Size (sq. ft.):
14,810
Status:
Closed
Current Price:
$1,350,000
List Date:
11/01/2022
Last Modified:
1/13/2025
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.
Supplements: ********
More Information MLS# 1547187
Location Information
Book: 11603
Leased Land: No
Page: 27
Map: 5
Lot: 147
Association Y/N: No
Street #: 103
Street Name: Water
Street Type: Street
County: Kennebec
Town: Hallowell
State/Province: ME
Zip Code: 04347
Zip +4: 1300
Zoning: downtown
Full Tax Amount $: 19865
Tax Year: 2022
Geo Lat: 44.286695
Geo Lon: -69.790436
Property Information
Primary Use: General Commercial
Surveyed: Unknown
Deed/Conveyance Type Offered: Warranty
Deed: All
Lot Size Acres +/-: 0.34
Year Renovated +/-: 2018
Tenancy: Multiple Tenants
Leases: Yes
Total # Floors: 4
Year Built: 1825
SqFt Finished Total: 13218
Location
Downtown: 1
Historic District: 1
Near Shopping: 1
Water View: 1
Commercial Bldg Information
Gross Income: 146400
Operating Expenses: 40500
Water Info
Water Frontage: No
Water View: Yes
Property Uses
Office Building: 1
Recreational Water
Nearby: 1
Construction
Masonry: 1
Basement
Full: 1
Sump Pump: 1
Foundation Materials
Brick/Mortar: 1
Granite: 1
Poured Concrete: 1
Stone: 1
Exterior
Brick: 1
Roof
Membrane: 1
Heat System
Blowers: 1
Forced Air: 1
Heat Pump: 1
Heat Fuel
Gas Natural: 1
Cooling
Heat Pump: 1
Floors
Carpet: 1
Tile: 1
Vinyl: 1
Wood: 1
Building Features
Elevator Passenger: 1
Fire System: 1
Parking
11 - 20 Spaces: 1
On Site: 1
Paved: 1
Electric
Circuit Breakers: 1
Utilities
Utilities On: Yes
Gas
Natural - At Street: 1
Sewer
Public Sewer: 1
Water
Public: 1
Sold Info
Appraiser Email Address: john@jpowellappraisals.com
Sold Terms Other
Arms Length: 1
Contract Information
Status: Closed
Original List Price: 1550000
Sold Price: $1,350,000
Current Price: $1,350,000
Status Change Info
Pending Date: 2023-01-13
Closed Date: 2023-04-11
Closed Price: 1350000
Property Features
Location: Downtown; Historic District; Near Shopping; Water View
Recreational Water: Nearby
Construction: Masonry
Property Uses: Office Building
Basement: Full; Sump Pump
Foundation Materials: Brick/Mortar; Granite; Poured Concrete; Stone
Exterior: Brick
Roof: Membrane
Heat System: Blowers; Forced Air; Heat Pump
Heat Fuel: Gas Natural
Cooling: Heat Pump
Floors: Carpet; Tile; Vinyl; Wood
Building Features: Elevator Passenger; Fire System
Parking: 11 - 20 Spaces; On Site; Paved
Electric: Circuit Breakers
Gas: Natural - At Street
Sewer: Public Sewer
Water: Public
Sold Terms Other: Arms Length
Documents
Deed, disclosure, map ›Listing Office: LAER
Last Updated: January - 13 - 2025
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 ©2022 Maine Real Estate Information System, Inc. All Rights Reserved. Equal Housing Opportunity.