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Property profile & analytics
OFF-MARKET
Commercial real estate

352 Hancock St Rumford, ME 04276

1,428 SF 0.36 ac lot Built 1948
Property ID
US42-0457200
Property summary
AI-generated overview

This exceptional 1,428 square foot commercial building is situated on a 0.36-acre corner lot at 352 Hancock Street in Rumford, Maine. Its prime location on the heavily trafficked Route 2 corridor ensures high visibility and accessibility for any business. Previously occupied by a hair, nail, and tanning salon, this freestanding structure offers a versatile layout ideal for a variety of commercial uses. The spacious interior features a large open retail area, perfect for showcasing products or services, along with several smaller side rooms and a bathroom. Ample parking is available on-site, providing convenient access for customers and employees. The property benefits from its prominent corner location, offering excellent street frontage and exposure to passing traffic. While some deed restrictions are in place, this presents a remarkable opportunity for entrepreneurs seeking a well-located, established space to launch or expand their business in the heart of Rumford. The asking price is $220,000. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Year built 1948
Total area 1,428 SF
Lot 0.36 ac (15,682 SF)
UPID US42-0457200
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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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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