Real Estate Auction Com Bldg, 3BR Ranch, 2.89+/- Ac CANCELLED
Real Estate Foreclosure Auction 21 - Commercial Building, 3BR Ranch, 2.89+/- Acres, Dock, Float - 1,000'+/- Road Frontage - 475'+/- on W. Branch Cousins River - 1269 U.S. Highway Route 1, Yarmouth, Maine - Restaurant is a tenant only and is open for business - Not Being Sold in Auction - Auction Date: Friday, August 27, 2021 at 2PM On Premises - The above stated price is the tax assessed value and just a place holder. - The lender reserve the right under Maine law to bid at the foreclosure sale. - Auctioneer's Note: The real estate offering consists of a high profile location with extensive frontage, access, and visibility along U.S. Highway Route 1. The iconic landmark can be seen from I-295 and the location has been home to a seafood business since the early 1940s. The site also enjoys frontage along the West Branch of the Cousins River which can be accessed by its own ramp and float. A restaurant occupies the commercial space and is open for business. The property will be sold subject to parties in possession. We invite you to join us on auction day to participate in this excellent real estate auction opportunity. REAL ESTATE - Site Lot Size: 2.89+/- Acres (developed area .79+/- acres) - Water Body: West Branch of Cousins River and marsh - Views: U.S. Route 1 and tidal marsh to rear Shore Frontage: 475'+/- - Road Frontage: 1,000'+/- Highway U.S. Route 1 - Access: (3) Curb cuts, two to restaurant, one to home - Parking: 32+/- Spaces - Topography: Slightly above grade with negative slope to the rear approaching marsh - Sewer: Public - Water: Public, one meter in residence servicing both buildings - Zoning: General Development District (GD) and Shoreland Overlay District - Flood Zone: Map #230055000 B dated November 15, 1984 - Reference Yarmouth Tax Map 8, Lot 13 - The Property will be sold subject to parties in possession. - Improvements - Commercial Building - Use: Dine-in and takeout seafood restaurant - Year Built: Circa 1930 with renovations over the years Number of Stories: 1 with office in mezzanine - Gross Building Area: 2,443+/-SF - Covered Dining Area: 1,096+/-SF - Decks and Canopy Area: 589+/-SF - Layout: 3-Rooms including retail/cashier area, commercial kitchen, prep/takeout area and storage - Restrooms: 3 - Foundation and Frame: Wood framed on poured concrete footers - Exterior Walls: Clapboard wood siding - Interior Partitions: Drywall/Plaster - Wall Height: 9'+/- - Floors: Wood, vinyl tile, and cement - Roof: Asphalt shingles - Windows/Doors: Two retail takeout windows, loading dock, interior wood doors - Heat: Oil-fired boiler - Residential Building - Use: Storage for seafood restaurant - Year Built: Circa 1960 with renovations over the years Number of Stories: 1 - Style: Ranch - Layout: 5-Rooms including 3-bedrooms, kitchen/dining area, living room, 1-bath - Living Area: 1,040+/-SF - Basement Area: 1,040+/-SF - Deck Area: 240+/-SF - Garage Area: Attached 1-bay 350+/-SF - Dock, Ramp & Float - Dock: Wood pilings, timber frame/railing, wood plank decking, 20'x4' - Seasonal Ramp: Aluminum frame/railing with wood planking, 40'x3.5' - Seasonal Float: Timber frame, 10'x16.5' - DISCLAIMER -ATTENTION PROSPECTIVE BIDDER. THE INFORMATION SET FORTH IN THIS AUCTION POSTING IS BELIEVED TO BE CORRECT AND COMPLETE. HOWEVER, THE KEENAN AUCTION COMPANY, INC. AND THE SELLER OF THIS PROPERTY AND ITS AGENTS/REPRESENTATIVES MAKE NO WARRANTIES AS TO THE ACCURACY, TRUTHFULNESS AND COMPLETENESS OF THIS INFORMATION. - Terms: A $25,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer as a qualification to bid), deposit to be increased to 10% of the final purchase price within 5 calendar days of the sale, with balance due and payable within 30 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed.
;
;
;
;
;
;
;
;
;
;
;
;
;
;