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1010-1016 Route 2Rumford, ME 04276Price: $3,300,000

  • Price: $3,300,000
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Federal 30-year interest rate: 6.57% last updated on May 25, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $3,300,000List Price
  • 9.86Acreage
  • 1968Year Built
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276
1010-1016 Route 2 Rumford ME 04276

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Listed by Bean Group ((800)450-7784)
The 80,375 +/- square foot Rumford Plaza offers a rare combination yield and value add play with an impressive tenant roll including Tractor Supply Company, Dollar Tree, Marden's and Motor Supply Company. Its a yield play with its list price providing an unlevered 8.18% cap rate based on the leasing the newly available 3,400 square feet of retail space @ $7.00/SF NNN. . It's a value play given the rising costs for land, construction and financing to construct an 80,000+ square foot shopping center. It's available @ $41.06/SF, a fraction of its replacement cost. There is no competition in its market area.Lastly, it's a value-add play given there is sufficient land to construct a mixed-use commercial and residential building in the massive 340 +/- space parking lot. The city of Rumford is motivated to work with qualified buyer-developers to streamline approvals for new development. 2021 common area expenses ($1.70/SF), including FY22 real estate taxes of $53,718, are reimbursed by the NNN tenants.

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Listing data is derived in whole or in part from the Maine IDX & is for consumers' personal, non commercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. ©2023 Maine Real Estate Information System, Inc. All Rights Reserved. equal opportunity housing logo   Privacy Policy

Rizzo Mattson, REALTORS® participates in ©2023 Maine Listings Internet Data Exchange program, allowing us to display other Maine IDX Participants' listings. This website does not display complete listings. Certain listings of other real estate brokerage firms have been excluded. Mortgage figures are estimates. Check with your bank or proposed mortgage company for actual interest rates. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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