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    669 Main St Caribou, ME 04736

    Sponsored
    For Sale
    $275,000

    Established Auto Repair Shop, High Potential

    Property size:
    3,556 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 3,556 square foot commercial property, situated on a 1.02-acre lot at 669 Main Street in Caribou, Maine, presents a compelling investment opportunity. Formerly a thriving, family-owned automotive repair station, this well-maintained building offers significant potential for continued success in the automotive industry or adaptation to other commercial uses. The structure features five overhead doors, facilitating efficient workflow and customer access. A key advantage is the inclusion of an existing alignment and vehicle lift system, ready for immediate use. Recent improvements enhance the property's appeal and functionality, including a new roof, updated siding, and a professionally paved driveway. The property's location in Caribou offers excellent visibility and accessibility, contributing to its strong potential for generating income. The building's layout is spacious and adaptable, allowing for various configurations to suit diverse business needs. This turnkey operation is ready for a new owner to capitalize on its established history and inherent potential. The asking price is $275,000. This represents a rare chance to acquire a well-maintained commercial property in a desirable location with a proven track record. Serious inquiries are encouraged.

    Property Features for 669 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,556 SF
    Lot Size
    44,431 SF

    Building Details

    Year Built
    1950
    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 Clothing Store 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
    -68.01012
    Latitude
    46.85867

    Nearby Comparable

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    Nearby Similar for Sale

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      9000 sq ft commercial building on 1.38 acres.
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      Caribou Commercial Barn on 1.26 Acres

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      311 E Presque Isle Rd, Caribou, ME 04736
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    • New
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      Main Street Mixed-Use Opportunity

      Mixed-use property with office space and residential apartment.
      562 Main St, Caribou, ME 04736
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    • New
      $269,000
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      Mixed-use property with office space and residential apartment.
      562 Main St, Caribou, ME 04736
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    • $229,500
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      Well-maintained office building with multiple offices and conference room.
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    FAQs

    What type of property is this?
    Commercial real estate - Established Auto Repair Shop, High Potential
    Where is this commercial real estate located?
    The property is located at 669 Main St Caribou, ME.
    What is the asking price?
    The asking price for this property is $275,000.
    (207) 551-5835
    Request Owner's contact information
    669 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
    669 Main St Caribou, ME 04736
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