431 Franklin Street, Rumford ME

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30774736
Property Subtypes: Medical, Office Building, Other
Condo? Yes
Building Size (RSF): 17,280 SF
Gross Building Area: See Agent
Gross Land Area: 0.48 Acres
Sale Price: $749,000
In Opportunity Zone? Yes
Property Use Type: Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: 8.93%
Last Updated: 8/14/2022

Overview / Comments

This is a great investment opportunity, to own this fantastic income generating commercial condos, with the option to lease the vacant space or convert it into residential condos - which are in high demand in Rumford.

The building is approved as a Condominium with approximately 17,000 square feet presently consisting of 7 office suites over three floors right across the street from Rumford Hospital. This ADA compliant property is in a great shape, well maintained and energy efficient. It also has an elevator and plenty of parking. Don't miss your chance to get this opportunity!

Additional Details

Nearest MSA: Lewiston-Auburn
County: Oxford
Tax ID/APN: 112-132
Is Condo?: Yes
Zoning: COMMERCIAL
Highway Access: R120
Site Description: This property is located opposite of Rumford Hospital - an excellent location for medical office rentals with a great potential to convert to residential units in a quiet and beautiful neighborhood.
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1982
Roof Type: Gambrel
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Paved
Total Parking Spaces: 27
Passenger Elevators: 1
Heat Type: Propane
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,866 3,804 8,711
Median Age: 39.78 42.34 44.8
Households: 1,358 1,806 3,911
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