Real Estate Auction 39,410+/- SF Mixed-Use Commercial Building
REAL ESTATE FORECLOSURE AUCTION 24-20 - 39,410+/- SF MIXED-USE COMMERCIAL/OFFICE BUILDING - .55+/- ACRES - 187 STATE ST. & MAIN ST., US ROUTE 1, PRESQUE ISLE, MAINE - AUCTION DATE: (AUCTION CANCELLED) - The above stated price is the tax assessed value and a place holder only.The lender reserves the right to bid at the auction. - AUCTION LOCATION: On Premises 187 State St., Presque Isle, ME - REAL ESTATE SUMMARY: Land consists of a .55+/- acre corner parcel with 228+/- ft. on Main St. (Rt. 1), 90+/- ft. on State St., and 109+/- ft. on Hall St. There is a paved parking lot that is accessed from Hall St. with a capacity for (22) cars. Improving the site is a 39,410+/-SF (GBA) mixed-use commercial/office building built in 1947 and 1978 with renovations in 2018. Building is a class B multi-tenant building. Visual inspections of the common spaces showed that there appears to be (3) tenants that are occupying space. One tenant is reportedly vacating in April of 2024 and they appear to occupy approximately 15,000SF (GBA) on the all of the 2nd & 4th floors. An eye doctor's office appears to be occupying approximately 8,539SF (GBA) on the 1st floor. Approximately 1,344SF is vacant on this level. A formal dress shop appears to be occupying approximately 5,463SF (GBA) on the 3rd floor. It is not known who in anyone occupies the finished basement office and storage areas. - PREVIEW DATE: A preview will be held on Monday, February 12, 2024 with limited access. The tour of the property will begin at 10AM. Please contact the Auctioneer's office to inform of your attendance. AMENITIES • GROSS BUILDING AREA - 39,410+/- SF • REPORTED NET RENTABLE - 30,526+/-sf • STORIES - 2 to 4 • ELEVATOR - TO ALL FLOORS • PUBLIC WATER & SEWER • BASEMENT - STORAGE, OFFICE, MECHANICAL • ROOF - RUBBER MEMBRANE • STRUCTURAL FRAME - MASONRY • CEILING HEIGHT - 8' - 10' • BATHROOMS - 10+/- • KITCHENS - (2) • HEATING - FORCED HOT WATER BASEBOARD, OIL FIRE BOILER • COOLING - FORCED COOL AIR, CHILLER & AIR HANDLERS • ELECTRICAL - 800 AMP MAIN ENTRANCE, (1) METER/SERVICE FOR WHOLE BUILDING • SPRINKLER - WET SYSTEM • COVERED ENTRANCE - OFF MAIN ST. AND PARKING LOT, ADA COMPATIBLE RAMP • ACREAGE - 0.55 +/- ACRES • ROAD FRONTAGE - 228+/- ft. ON MAIN ST, 90+/- ft. ON STATE ST, 109+/- ft. ON HALL ST • PARKING - OWNED PAVED OPEN SURFACE PARKING LOT W/ (22) SPACES, (5) POLE LIGHTS. (11) SPACES ON PUBLIC STREET • VISIBILITY - GOOD • TAX ID - Map 35, Lot 187-187 DIRECTIONS: Heading north on US Route 1 into Presque Isle, the property is located at the intersection of Main and State Streets on the far right-hand corner. AIRPORT: PRESQUE ISLE INTERNATIONAL AIRPORT (PQI) - UNITED AIRLINES W/ DIRECT FLIGHTS TO NEWARK (EWR) Buyer Broker Participation Available. Contact Auctioneer For Qualifications. TERMS: A $50,000 deposit to bid (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., with balance due and payable within 30 days from date of auction. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #24-20. Our 52nd Year and 8,614th Auction.
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