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    48 S Main St Andover, ME 04216

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    For Sale
    $525,000

    Thriving auto repair business with expansion potential on nearly an acre.

    Property size:
    2,400 SF
    Lot size:
    0.93 Acres

    Property Features for 48 S Main St

    General Information

    Size
    2,400 SF
    Lot size
    0.93 Acres

    Source: Fontaine Family - The Real Estate Leader Agent Bill Bergeron

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Auto Repair Shop

    This is a fully-equipped auto repair business situated on 0.93 acres. The property features a 2,400 square foot building that includes 3 garage bays, one of which contains a recently installed 12,000 lb lift. The business has state-of-the-art vehicle alignment equipment. The property has room for continued growth through extended hours and additional services. A survey and septic design are in place for 2-3 rental cabins, providing potential for additional income streams. A newer 24 kw Generac stand-by generator is installed. The property is suitable for an established mechanic looking to step into ownership or an investor seeking a profitable, diversified property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martin's Service & Sales Auto Repair Shop

    Suggested Use

    Building Supply Auto Repair Shop Gym & Fitness Department Store Hotel & Motel Grocery Store Convenience Store Bed & Breakfast Bike Shop Parking Facility

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

    Similar Places Nearby

    Martins Service and Sales, Martin's Service & Sales

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Oxford
    State
    Maine
    Longitude
    -70.7501686
    Latitude
    44.6338692

    Nearby Similar for Sale

    • $2,250,000
      9,600 SF

      Historic Estate with Income Potential

      Vast Gilded Age estate on 126 acres in Western Maine.
      10 S Arm Rd, East Andover, ME 04226
      View Details

    FAQs

    What type of property is this?
    Auto shop - Thriving auto repair business with expansion potential on nearly an acre.
    Where is this auto shop located?
    The property is located at 48 S Main St Andover, ME.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Turnkey auto repair business with immediate income potential.; - Expansion potential with survey and septic design in place for 2-3 rental cabins.; - Spacious 2,400 sq ft building features 3 garage bays and a recently installed 12,000 lb lift.
    (207) 576-6523
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    48 S Main St Andover, ME 04216
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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
    48 S Main St Andover, ME 04216
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