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    OFF-MARKET
    Commercial real estate

    485 Washburn St, Caribou, ME 04736

    2,644 SF 1.9 ac lot Built 1948
    Property ID
    US42-0637678
    Property summary
    AI-generated overview

    This exceptional Caribou, ME commercial property offers a unique investment opportunity. Situated on a 1.9-acre lot just minutes from downtown and recreational trails, this property boasts two substantial structures totaling over 10,000 square feet. The main residence features a spacious layout, including a large 46 x 20 foot family room (formerly a dining hall), a kitchen with ample space, a washer/dryer area, and a walk-in closet that could easily be converted into an additional bedroom. The master bedroom offers plenty of space for a king-size bed. Upstairs, a former apartment includes three more bedrooms and a full bathroom. The second structure, a former church, provides over 6,500 square feet of versatile space. The auditorium features impressive woodwork and a Modine heater. Additional storage areas and a half-bath are also included. This building previously housed multiple apartments and presents significant redevelopment potential. The property benefits from 600-amp service and a separate septic tank. The residence also includes an oversized two-car garage with extensive storage and direct access to the home. This property's expansive size and prime location offer endless possibilities for a variety of commercial uses. The asking price is $299,000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1948
    Total area 2,644 SF
    Lot 1.9 ac (82,764 SF)
    UPID US42-0637678
    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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