485 Washburn St Caribou, ME 04736
- Commercial real estate
- 2,644 SF
- 1.90 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 485 Washburn St
- Year built
- 1948
- Lot size
- 1.90 lot acres
- Property size
- 2,644 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caribou
- County
- Aroostook
- State
- Maine
- Longitude
- -68.05691
- Latitude
- 46.84475