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Property profile

1019 Us-2 Rumford, ME 04276

OFF-MARKET
Mixed-use properties
15.22 ac lot Built 1962
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Property summary

AI-generated overview

This exceptional 15.22-acre commercial property in Rumford, Maine, presents a remarkable development opportunity. Situated at 1019 US-2, this prime location boasts excellent visibility and high traffic counts, surrounded by established businesses such as Tractor Supply, McDonald's, and Sherwin-Williams. The property features a substantial existing 96x130 foot concrete foundation, totaling over 12,480 square feet, providing a significant head start for any new construction project. Previously occupied by Oxford Lanes, a 16-lane bowling alley, the site is now cleared and ready for immediate development. The expansive lot offers ample space for parking and potential outdoor amenities. A key advantage is the property's scenic water frontage on the Androscoggin River, adding significant aesthetic appeal and potential for unique business concepts. The possibilities are vast, ranging from a new bowling alley to a retail complex, entertainment venue, or restaurant. This is an unparalleled chance to establish a thriving business in a dynamic commercial area with strong existing infrastructure and high visibility. The substantial foundation and ample land provide flexibility for a wide range of development plans, making this a truly exceptional investment opportunity. Don't miss this chance to capitalize on this unique and well-positioned property.

Property profile

Verified
Property type Mixed-use properties
Year built 1962
Lot 15.22 ac (662,983 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1019 Us-2 Rumford, ME 04276
Rumford metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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