14 Sweden StCaribou, ME 04736

Property Details for 14 Sweden St

Year built

1974

Lot size

0.30 AC

Property size (Sq ft)

7,798 SF

Zone code

COMMER

Property type

Banks

APN

CARI M:31 L:057

APU

CARIM31L057

Description

This exceptional commercial property, located at 14 Sweden Street in Caribou, Maine, presents a unique investment opportunity. The 7,798 square foot building, constructed in 1974, sits on a 0.3-acre lot and boasts a desirable location at a four-way intersection of Main Street (ME-164), Water Street, and Hatch Drive. The property's zoning is Commercial, allowing for diverse uses. The building itself is a Class B, two-story structure with fourteen parking spaces, a significant advantage in this area. Its previous use as a bank branch offers a ready-made layout, including a two-lane drive-up window and ATM. The property's strategic location places it within easy reach of numerous businesses, including the U.S. Postal Service, Sweden Street Plaza Shopping Center, Buzzell's, Mascoto's, Caribou Public Library, Dunkin' Donuts, Hannaford, and the Caribou Theater. The property's size, location, and existing infrastructure make it an ideal investment for a variety of commercial ventures. The asking price is $300,000. The APN is Map 31, Lot 57, and the zip code is 04736. This is a rare opportunity to acquire a well-situated commercial property in a thriving Maine community. The building's traditional office and retail subtype offers flexibility for a wide range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,090,244

  6.5%

  $1,929,456

  7%

  $1,791,638

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,571,047

  Geo Method

  $2,567,594

• Alternative Use

  Use

  Valuation

  Residential

  $1,627,568

  Hospitality

  $1,490,844

  Educational

  $1,240,364

  Medical

  $1,283,022

  Retail

  $1,929,456

Location Insight

City

Caribou

County

Aroostook

State

Maine

Latitude

46.8601

Longitude

-68.0122

Property Tax & Assessments

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