338 Water Street

Office for Sale
Catylist Listing ID: 30790839
Property Subtypes: Office Building
Building Size (RSF): 4,367 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $299,000
Unit Price: $68.47 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/23/2022

Overview / Comments

This building has been used as a professional office building for many years and is in a great Hallowell location. This vintage 1850 historic Colonial retains much of its original charm and has some new features and updates like a new boiler in 2017 and a new roof in 2021. It has ample parking on both sides of the building, a 3-car garage, and there is plenty of additional storage space for your needs. The current owners started to renovate it to an office for their business and planned on adding 2 apartments for extra rental income. But their situation changed, and they have decided not to relocate here. There are so many possibilities with this beautiful property. It could make wonderful large home, a nice office building, or even has potential to be converted to a multi-family property. Please check with code enforcement for permitted uses and see the listing agent for the floor plan to see the space and layout. Bring your ideas and some vision. Don't wait and call today.

Financials

Finance Data Year 2022
Real Estate Taxes - Annual($) $5,732 (Annual)

Additional Details

Nearest MSA: Augusta-Waterville
County: Kennebec
Tax ID/APN: 11110_016-018
Zoning: RB-1
Property Visibility: Excellent
Number of Stories: 2
Year Built: 1850
Construction/Siding: Wood Frame
Parking Description: Paved; 3-car garage
Total Parking Spaces: 20
Heat Type: Oil
Heat Source: Other
Air Conditioning: Window Unit
Zoning Description: RB-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,241 14,389 31,622
Median Age: 42.95 45.66 43.32
Households: 1,033 6,346 14,058
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