16 Andover Rd Rumford, ME 04276
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.