Retail/Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30871758
Property Subtypes: Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 11,229 SF
Gross Land Area: 0.33 Acres
Sale Price: $299,000
Unit Price: $26.63 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/15/2024

Overview / Comments

11,229± SF historic Art Deco style brick building on .33± acres located on the corner of Congress and Exchange Street.

Significant investment with new developments planned in downtown Rumford.

Considerable value-add opportunity.

Contributing structure in a historic district.

Close proximity to Sunday River and Bethel.

Additional Details

Nearest MSA: Augusta-Waterville
County: Oxford
Submarket/Township: ME-Other
Submarket Type: Historic District
Tax ID/APN: 17270_117-279
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Congress and Exchange
Property Visibility: Excellent
Largest Nearby Street: Hartford
Feet of Frontage: 100
Highway Access: US Route 2
Airports: Auburn-Lewiston Airport
Area Description: Located in the heart of downtown Rumford along the Androscoggin River
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1928
Construction/Siding: Brick
Exterior Description: Brick and shake shingle siding
Parking Type: Surface
Parking Description: Street parking
Zoning Description: Commercial
Lot Frontage: 100
Lot Depth: 160
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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