130-138 WATER STREET
WATERFRONT investment ON THE KENNEBEC RIVER
DOWNTOWN HALLOWELL, Maine
LUX Realty is pleased to offer qualified prospective investors the opportunity to acquire 130-138 Water Street, a beautifully renovated, fully-occupied, 14-unit mixed-use apartment/retail investment property located on the Kennebec River in downtown Hallowell, Maine (the “Offering”).
Completely reconstructed c.2020 and re-tenanted in 2021 by an experienced local developer, the Offering consists of nine (9) residential dwelling units plus five (5) retail commercial units, together with riverfront land. The units are currently fully occupied with stabilized rent roll and management. Finally, the property is already permitted as fourteen (14) approved condominium units, facilitating an exceptional optional exit strategy for the prospective investor.
Contact our Broker below for a Confidentiality Agreement required to obtain detailed financials.