Property profile

669 Main St Caribou, ME 04736

OFF-MARKET
Commercial real estate
Property ID
US42-0283595
3,556 SF 1.02 ac lot Built 1950
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Property summary

AI-generated overview

This exceptional 3,556 square foot commercial property, situated on a 1.02-acre lot at 669 Main Street in Caribou, Maine, presents a compelling investment opportunity. Formerly a thriving, family-owned automotive repair station, this well-maintained building offers significant potential for continued success in the automotive industry or adaptation to other commercial uses. The structure features five overhead doors, facilitating efficient workflow and customer access. A key advantage is the inclusion of an existing alignment and vehicle lift system, ready for immediate use. Recent improvements enhance the property's appeal and functionality, including a new roof, updated siding, and a professionally paved driveway. The property's location in Caribou offers excellent visibility and accessibility, contributing to its strong potential for generating income. The building's layout is spacious and adaptable, allowing for various configurations to suit diverse business needs. This turnkey operation is ready for a new owner to capitalize on its established history and inherent potential. The asking price is $275,000. This represents a rare chance to acquire a well-maintained commercial property in a desirable location with a proven track record. Serious inquiries are encouraged.

Property profile

Verified
Property type Commercial real estate
Year built 1950
Total area 3,556 SF
Lot 1.02 ac (44,431 SF)
UPID US42-0283595

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Gas Station

Location

669 Main St Caribou, ME 04736
Caribou metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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