Hallowell, ME Commercial Real Estate for Lease and Sale

Explore 15 listings of Hallowell commercial real estate to find the best space for your business.

18 Hope Drive

18 Hope Drive, Hallowell, ME
Property

Industrial

5,000 SF
For Sale

$375,000
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7C Beech Street

7C Beech Street, Hallowell, ME
Property

VacantLand

3 Acre
For Sale

$150,000
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101 2nd Street

101 2nd Street, Hallowell, ME
Property

Office

28,700 SF
Availability

3 Spaces

14,280 SF
For Lease

$14.00/SF/YR
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2 Water Street

2 Water Street, Hallowell, Augusta, ME
Property

Retail

725 SF
Availability

1 Space

725 SF
Year Built

1980
For Lease

$2,000.00/MO
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Coos Lane-Lot 8

Coos Lane, Hallowell, ME
Property

VacantLand

0.55 Acre
For Sale

$150,000
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2 Beech Street

2 Beech Street, Hallowell, ME
Property

Office

41,219 SF
Availability

6 Spaces

4,392 SF
Year Built

1875
For Lease

$12.54 - $8,700.00/SF/YR
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171 Capitol St

171 Capitol St, Augusta, ME
Property

Office

11,100 SF
Availability

1 Space

3,900 SF
Year Built

1974
For Lease

$12.00/SF/YR
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Turnpike Mall

10 Whitten Rd, Augusta, ME
Property

Retail

149,710 SF
Availability

5 Spaces

54,107 SF
Year Built

1967
For Lease Contact for pricing
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72 Cony St

72 Cony St, Augusta, ME
Property

Other

2,780 SF
Year Built

1978
For Sale

$695,000
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Ballard Center & Haynes Building

6 East Chestnut Street, Augusta, ME
Property

Office

265,000 SF
Availability

7 Spaces

37,989 SF
Year Built

1900
For Lease

$16.00/SF/YR
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Office Space

79 Leighton Road, Augusta, ME
Property

Office

26,000 SF
Availability

1 Space

4,000 SF
Year Built

1989
For Lease

$12.00/SF/YR
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One Weston Court

1 Weston Court, Augusta, ME
Property

Office

44,141 SF
Availability

1 Space

6,514 SF
Year Built

1900
For Lease

$6,514.00/MO
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264 Civic Center Drive

264 Civic Center Drive, Augusta, ME
Property

Office

19,028 SF
Availability

1 Space

7,525 SF
Year Built

1994
For Lease

$10.00/SF/YR
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83 Anthony Ave, Augusta

83 Anthony Ave, Augusta, ME
Property

Office

19,188 SF
Year Built

1996
For Sale

$2,350,000
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Concrete Batch Plant

120 Bond Brook Rd, Augusta, ME
Property

Industrial

9,519 SF
Year Built

1987
For Sale

$750,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Hallowell commercial real estate market incorporates 69,919 square feet of office space across 2 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Hallowell commercial real estate market includes 725 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Hallowell market, there is a total of 5,000 square feet of industrial property.

The listing inventory in Hallowell incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Hallowell is represented by Office space, which accounts for 18,672 square feet of available listings. Retail space available in Hallowell adds up to 725 square feet.

Meanwhile, most of the listings of commercial property for sale in Hallowell are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Hallowell, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $92 per square foot.

The average size of a commercial property in Hallowell depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Hallowell, the average size of an office property is 34,960 square feet.
Retail properties here incorporate an average of 725 square feet.
Industrial space in Hallowell is in buildings that are, on average 5,000 square feet in size.

Hallowell, ME Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hallowell currently add up to 19,397 square feet. The market offers 2 active office listing(s), which amount to 18,672 square feet and account for 66% of commercial spaces on the market. Local retail availability includes 725 square feet across 1 retail space(s).

Property Type	Count of Listings	Total SF
Office	2	18,672
Retail	1	725

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Hallowell, ME. Currently, there is 5,004 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	5,000
Other	2	4

Hallowell, ME Commercial Real Estate for Lease and Sale

18 Hope Drive

7C Beech Street

101 2nd Street

2 Water Street

Coos Lane-Lot 8

2 Beech Street

171 Capitol St

Turnpike Mall

72 Cony St

Ballard Center & Haynes Building

Office Space

One Weston Court

264 Civic Center Drive

83 Anthony Ave, Augusta

Concrete Batch Plant

Frequently Asked Questions

Hallowell, ME Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Hallowell, ME Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Hallowell, ME?

What factors affect the price of commercial real estate in Hallowell, ME?

What are the best areas for commercial real estate in Hallowell, ME?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Hallowell, ME?

Hallowell, ME Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us