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    Property profile & analytics

    48 S Main St Andover, ME 04216

    • Commercial real estate
    • 2,400 SF
    • 0.93 lot acres
    For Sale
    View listing
    $525,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0571993
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Martin's Service & Sales / Auto Repair Shop

    Property Details for 48 S Main St

    Lot size
    0.93 lot acres
    Property size
    2,400 SF
    Property type
    Commercial real estate

    Description

    This turnkey automotive repair shop, located at 48 S South Main Street in Andover, ME, presents a unique opportunity for a savvy entrepreneur. The 2,400 square foot building sits on a 0.93-acre paved lot, offering ample parking for customers and room for vehicle staging. The shop features three spacious bays, each equipped with lifts, ensuring efficient workflow. Years of successful operation specializing in auto service, tire sales, balancing, inspection stickers, and ATV/small engine repair have established a strong, steady customer base drawing from surrounding towns. The business benefits from a convenient location across from a main ATV/snowmobile trail and gas station, creating additional service opportunities. Included is a 24 KW backup generator for uninterrupted operation during power outages, an air-powered motorcycle lift, a fully equipped office, and stocked supplies (inventory to be calculated separately or negotiated). An efficient used oil burner furnace provides cost-effective heating throughout the winter. The property also offers additional space behind the building for potential expansion, allowing for future business growth. Priced at $525,000, this well-maintained and organized shop is ready for its next owner. This is a rare chance to acquire a thriving business in a picturesque mountain village setting.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Oxford
    State
    Maine
    Longitude
    -70.8599
    Latitude
    44.891

    Comparable in this City

    • $525,000
      2,400 SF

      Turnkey Auto Repair Shop

      Thriving auto repair business with expansion potential on nearly an acre.
      48 S Main St, Andover, ME 04216
      View Details
    • $72,900
      10.40 Acres

      Andover, ME Land Opportunity

      10.4 acre corner lot perfect for building a home.
      Sawyer Notch Rd, Andover, ME 04216
      View Details
    • $89,900
      10.00 Acres

      Recreational Land in Western Maine

      10-acre parcel ideal for recreational getaway in Western Maine.
      Sawyer Notch Rd, Andover, ME 04216
      View Details

    Similar Nearby for Sale

    • $72,900
      10.40 Acres

      Andover, ME Land Opportunity

      10.4 acre corner lot perfect for building a home.
      Sawyer Notch Rd, Andover, ME 04216
      View Details
    • $525,000
      2,400 SF

      Turnkey Auto Repair Shop

      Thriving auto repair business with expansion potential on nearly an acre.
      48 S Main St, Andover, ME 04216
      View Details
    • $89,900
      10.00 Acres

      Recreational Land in Western Maine

      10-acre parcel ideal for recreational getaway in Western Maine.
      Sawyer Notch Rd, Andover, ME 04216
      View Details
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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
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