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    121 Congress St Rumford, ME 04276

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    For Lease
    $2,500 /Mo ($10 SF/Yr)

    Retail space available in Rumford's transforming downtown area.

    Property size:
    2,973 SF
    Lot size:
    0.34 Acres

    Property Features for 121 Congress St

    General Information

    Size
    2,973 SF
    Lot size
    0.34 Acres

    Source: eXp Realty Agent Michael Rogers

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in Revitalizing Downtown

    This first-floor retail space, formerly occupied by Keybank, is located in an ideal location within an underserved market. The property offers 2973 square feet of space. Rumford's downtown area is experiencing a renaissance, with over 150 residential dwelling units coming online within the next twelve months. An additional 150+ units are in the planning stage, including the adaptive reuse of the Bag Mill at 60 Lowell Street into 35 long-term and short-term stay hotel rooms. These projects follow the opening of the 63-key Best Western Hotel in 2022 and ND's ongoing investments in the Rumford Mill, signaling Rumford's rebirth. This location is suitable for a retailer looking to capitalize on the area's growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rumford
    County
    Oxford
    State
    Maine
    Longitude
    -70.5459843
    Latitude
    44.5459224

    FAQs

    What type of property is this?
    Retail space - Retail space available in Rumford's transforming downtown area.
    Where is this retail space located?
    The property is located at 121 Congress St Rumford, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Ideal location for a retailer in an underserved market.; - 150+ residential units coming online in the next 12 months.; - Another 150+ residential units in the planning stage.
    (207) 318-9984
    Request Owner's contact information
    121 Congress St Rumford, ME 04276
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    121 Congress St
    Rumford, ME 04276
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    121 Congress St Rumford, ME 04276
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