For Sale
$399,900

16 Andover Rd Rumford, ME 04276

11 Acres, 22,290 sq ft, Huge Potential

Overview

Added:
Feb 3
Days on market:
82
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 Details for 16 Andover Rd

Property type
Commercial real estate
Square Feet
22,290 SF
Year Built
1963
Lot Size (sq. ft)
483,952 SF

Location Insight

City
Rumford
County
Oxford
State
Maine
Latitude
44.5154
Longitude
-70.62054

FAQs

What type of property is this?
Commercial real estate - 11 Acres, 22,290 sq ft, Huge Potential
Where is the commercial real estate located?
The property is located at 16 Andover Rd Rumford, ME.
What is the asking price?
The asking price for this property is $399,900.
How can I contact the broker?
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16 Andover Rd
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