Rumford Plaza is an 80,956+/- sq. ft. commercial retail center located on 9.96+/- acres in Rumford, Maine. Anchored by two nationally recognized tenants - Tractor Supply Company and Dollar Tree - the plaza maintains 33.78% occupancy, offering approximately 53,600 sq. ft. of vacant space ready for lease-up or redevelopment.
Recent capital improvements include more than $800,000 in roof repairs completed in 2023 and 2024, significantly reducing future capital needs and improving the property's structural integrity. The expansive 9.96+/- acre site offers generous parking, visibility, and potential for reconfiguration, expansion, or adaptive reuse.
Rumford Plaza is strategically positioned to benefit from a wave of new investment in the area. A brand-new Best Western Plus Rumford Falls recently opened nearby, offering 63 rooms, an indoor saltwater pool, fitness center, and EV charging - bringing additional foot traffic and hospitality-driven demand to the neighborhood. Meanwhile, at the base of Black Mountain, a new residential development is underway featuring 40 modular condominium units across 20 buildings. The first phase, scheduled for early occupancy, reflects growing demand for housing in this scenic, recreation-rich region.
Rural retail plazas continue to demonstrate strong performance fundamentals. According to CBRE's U.S. Retail Trends 2023, vacancy rates in rural and secondary markets were, on average, 150-200 basis points lower than in urban cores, driven by tenant loyalty, limited competition, and steady demand for essential services. Tractor Supply and Dollar Tree, both essential service providers, anchor the property with long-term leases and help draw consistent customer traffic.
Rumford itself is a vibrant western Maine town set along the Androscoggin River and surrounded by natural attractions including Rumford Falls, Black Mountain ski resort, and nearby White Mountain National Forest. With new residential and hospitality development underway, the community is experiencing a renewed wave of investment - making Rumford Plaza ideally situated for retailers, developers, and investors looking to capitalize on this momentum.
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594