72 Congress St Rumford, ME 04276
This 11,229 square foot retail building presents a significant value-add opportunity for owner-users. Located at 72 Congress St, Rumford, ME 04276, this single-story, 1928-built structure boasts a charming Art Deco brick façade and sits on a 0.33-acre lot. The property is zoned commercial and is a contributing structure within a historic district. Its versatile layout is suitable for various uses, including pharmacy/drug store, restaurant, or storefront retail. The asking price is $299,000, translating to $26.63 per square foot. Situated on the corner of Congress and Exchange Streets, this property benefits from high visibility and convenient access. The location offers proximity to both Sunday River and Bethel, enhancing its appeal. The property's potential is further amplified by planned new developments in downtown Rumford, promising increased foot traffic and economic growth. The APN is Map 117, Block 279, and the ownership is held by Anchor Island, LLC. This is a rare chance to acquire a substantial commercial property in a revitalizing Maine town.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.