Historic Commercial/Retail Building

Retail-Commercial for Sale
Catylist Listing ID: 30871760
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Status: Proposed
Building Size (RSF): 10,500 SF
Gross Land Area: 0.14 Acres
Sale Price: $249,000
Unit Price: $23.71 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Opera House/Elks Lodge
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/15/2024

Overview / Comments

10,500± SF historic three-story brick building on .14± acres located on the corner of River and Exchange Street.

Formerly known as the Opera House/Elks Lodge.

Significant investment with new developments planned in downtown Rumford.

Considerable value-add opportunity through renovating existing spaces or redevelopment.

Contributing structure in a historic district.

Close proximity to Sunday River and Bethel.

Attachments & Media

Additional Details

Nearest MSA: Augusta-Waterville
County: Oxford
Submarket/Township: ME-Other
Submarket Type: Historic District
Tax ID/APN: 17270_117-260
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: River and Exchange Street
Property Visibility: Excellent
Largest Nearby Street: Hartford Street
Feet of Frontage: 50
Highway Access: US Route 2
Airports: Auburn-Lewiston Airport
Area Description: Located in the heart of downtown Rumford along the Androscoggin River
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Average
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick Masonry
Parking Type: Surface
Parking Description: Street parking
Zoning Description: Commercial
Lot Frontage: 50
Lot Depth: 72
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,866 6,526 8,711
Median Age: 39.78 43.98 44.8
Households: 1,358 2,979 3,911


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