Real Estate Foreclosure Auction Commercial Building - 1.5 Acres
Real Estate Foreclosure Auction 21-126 - Commercial Building - 1.55+/- Acres - Subject to ME D.O.T. Project WIN: 024209.00 - 261 Main St., US Route 2, Palmyra, Maine - Tuesday, December 21, 2021 at 2PM - 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. - Real Estate: Consists of a 1.55+/- acre corner parcel with 290.2+/- ft. of frontage on Rt. 2 and 229+/- ft. on Rt. 152. Improving the site is a circa 1950 masonry block commercial building that was most recently used as a truck repair garage. The 2,508+/-SF building has (2) work bays with overhead doors, office area, and a mechanical and storage area. The entire property is subject to an eminent domain taking scheduled for the spring of 2022. Reference ME D.O.T. Project WIN: 024209.00 and Palmyra Tax Map 1, Lot 38. - Preview: Monday, December 6, 2021 from 10-11AM - Directions: From the intersection of Somerset Ave. and Rt. 152 in Pittsfield, follow Rt. 152 3.5 miles to the property on the right. - Terms: A $5,000 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), 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. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #21-126. Our 49th Year and 8,400th Auction.