Commercial Retail Plaza Rumford, ME

Property Location MAP

Valley Circle
Rumford, ME 04276

Property #: AP25048

Preview Times


By appointment on dates listed below or call to schedule.
Thu. 5/29 @ 10:00AM ET
Fri. 6/6 @ 12:00PM ET

Contact Agent

Mike Carey
Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com
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

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Mike Carey

Mike Carey: Tranzon Auction Properties

207-776-1936 mcarey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyer's Premium based on the high bid.
  • Closing: 45-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Ten percent (10%) of purchase price (high bid + buyer's premium) due within twenty-four (24) hours of auction end.
  • Buyer Agent Compensation: 2.5% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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