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    507 Main St Caribou, ME 04736

    Sponsored
    For Sale
    $649,900

    Established Restaurant, Prime Location, High Traffic

    Property size:
    1,916 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property at 507 Main Street, Caribou, ME, presents a rare opportunity to acquire a thriving, well-established restaurant. Boasting 1,916 square feet on a 0.55-acre lot, Frederick's Southside is a beloved local eatery with a loyal customer base and a proven track record of success. The property includes a fully equipped commercial kitchen, designed for efficient food preparation and service. Spacious dining areas provide a comfortable and inviting atmosphere for patrons. The restaurant's meticulous upkeep is evident both inside and out, reflecting pride of ownership and a commitment to quality. Its prime Main Street location ensures excellent visibility and convenient access, complemented by ample parking for customers. This turnkey operation offers immediate income potential and significant growth opportunities for a new owner. The established clientele and strong reputation provide a solid foundation for continued success. The asking price for this exceptional property is $649,900. This is a unique chance to own a successful business in a desirable location. Don't miss this chance to own a piece of Caribou's vibrant culinary scene.

    Property Features for 507 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,916 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1984
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Caribou
    County
    Aroostook
    State
    Maine
    Longitude
    -68.01023
    Latitude
    46.84678

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Prime Location, High Traffic
    Where is this commercial real estate located?
    The property is located at 507 Main St Caribou, ME.
    What is the asking price?
    The asking price for this property is $649,900.
    (207) 551-5835
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    507 Main St Caribou, ME 04736
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    Caribou, ME 04736
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    507 Main St Caribou, ME 04736
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