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Two-Bay Automotive Garage

529 Prospect Avenue, Rumford, ME 04276

For Sale
$159,900

A compact commercial building with a history of automotive service and possible equipment available separately.

Property Size1,232 SF
Price / SF$129.79
Days on Market264

Property Features for 529 Prospect Avenue

General Information

Standard status Active
Size 1,232 SF
Property subtype General Commercial

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Service Bays 2
Real Estate Included Yes

Taxes and HOA fees

Annual Taxes $1,652

Building Details

Building Size 1,232 SF
Year Built 1967
Buildings 1
Listing Agency: Hearth & Key Realty
Listed By: William Dunton
Source: Hoangrealty
Added: Feb 19 Changed: Nov 8 Last Checked: Nov 8 at 9:18PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hearth & Key Realty

Rey
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Investment Insights

Based on property information with market context.

This 1,232-square-foot automotive building dates to 1967 and was configured as a two-bay garage and alignment center. Recent upgrades have been completed. Alignment and tire equipment may be purchased separately.

The property fronts both US Route 2 and Prospect Avenue in Rumford, Maine. Its existing automotive configuration and commercial building form provide a basis for considering other uses, subject to applicable requirements.

Key Highlights

  • Two‑bay garage and automotive alignment center
  • 1,232‑square‑foot building constructed in 1967
  • Frontage on US Route 2 and Prospect Avenue

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Service bays
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

45
Businesses Nearby
Well-served
Demand for This Use

Demographics for 04276, ME

5,858
Population
3,584
Households
1.6
Avg Household Size
48
Median Age
19%
College-Educated
90%
High-School Grad
68.6 sq mi
ZIP Area
85
Density / Sq Mi
$39,522
Median Household Income
$31,654
Median Earnings
$638
Median Rent
$119,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Dan's Auto Repair — 625 Crescent Ave, Rumford, ME 04276
  • Fix-Ya Auto — 529 Prospect Ave #2322, Rumford, ME 04276
  • Johnson's Auto Repair — 15 Spruce St, Rumford, ME 04276

Frequently Asked Questions

What type of property is this?
Auto shop - A compact commercial building with a history of automotive service and possible equipment available separately.
Where is this auto shop located?
The property is located at 529 Prospect Avenue Rumford, ME.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Two‑bay garage and automotive alignment center; 1,232‑square‑foot building constructed in 1967; Frontage on US Route 2 and Prospect Avenue
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