Property profile

420 S Main St Caribou, ME 04736

FOR SALE
Commercial real estate
Property ID
US42-0098123
9,000 SF 1.38 ac lot Built 1970
Saved · see the list in your Dashboard

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

Location

420 S Main St Caribou, ME 04736
Caribou metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message