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    OFF-MARKET
    Commercial real estate

    420 Main St, Caribou, ME 04736

    9,000 SF 1.38 ac lot Built 1970
    Property ID
    US42-0098123
    Property summary
    AI-generated overview

    This versatile 9,000 square foot commercial building in Caribou, Maine, presents a unique investment opportunity. The property boasts a prime location on 1.38 acres of land at 420 Main Street, offering exceptional roadway visibility and ample parking. The building comprises two distinct sections: a 6,000 square foot original structure built in 1970, and a 3,000 square foot addition completed in 2000. The older section features 10-foot high ceilings, two offices, a boiler room, bathroom, and a dedicated receiving/delivery area. A wet sprinkler system is installed for enhanced safety. The newer addition offers impressive 16-foot high ceilings at the front, gradually reducing to approximately 13-14 feet towards the rear. This multi-use space is ideal for a variety of commercial ventures. The expansive parking lot ensures convenient access for customers and employees. A 3D virtual tour is available for a comprehensive view of the property. Priced at $375,000, this property offers significant potential for growth and return on investment.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1970
    Total area 9,000 SF
    Lot 1.38 ac (60,113 SF)
    UPID US42-0098123
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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