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Property profile & analytics
OFF-MARKET
Commercial real estate

16 Andover Rd Rumford, ME 04276

22,290 SF 11.11 ac lot Built 1963
Property ID
US42-0032321
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1963
Total area 22,290 SF
Lot 11.11 ac (483,952 SF)
UPID US42-0032321
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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