16 Andover RdRumford, ME 04276

Property Details for 16 Andover Rd

Year built

1963

Lot size

11.11 AC

Property size (Sq ft)

22,290 SF

Property type

Commercial real estate

Description

This exceptional 22,290 square foot commercial building presents a unique investment opportunity in Rumford, Maine. Strategically located midway between the renowned Sunday River and Black Mountain ski resorts, this property enjoys a prime position for year-round recreational businesses. The expansive 11.11-acre lot provides ample space for expansion, allowing for the addition of outdoor amenities or future development projects. The existing structure, built to high standards, offers a blank slate for creative entrepreneurs. Conceptual plans are included with the sale, suggesting possibilities such as a boutique hotel, a charming ski lodge, or other income-generating ventures that would capitalize on the area's thriving tourism industry. The property's location within Maine's coveted ski region ensures high visibility and accessibility to a large pool of potential customers. Seller concessions are available, making this an even more attractive proposition for discerning investors seeking a significant return on investment. The substantial size of the building and the generous acreage offer considerable flexibility for a wide range of commercial uses. This is a rare opportunity to acquire a substantial property in a highly desirable location with significant upside potential.

Location Insight

City

Rumford

County

Oxford

State

Maine

Latitude

44.5154

Longitude

-70.6205

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