RE: Ashley's Restaurant - Mixed-Use Bldg. - 2BR Home


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Auction 18-66

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Real Estate Auction 18-66
ASHLEY’S RESTAURANT
Mixed-Use Bldg. - 2BR Home - .94+/- Acres
1306 Alfred Rd., Route 111
Arundel, Maine
Monday, July 9, 2018 at 11AM

Real Estate: Consists of a .94+/- acre parcel with 183+/- ft. on heavily traveled Rt.111. The site is located close to the Biddeford shopping district/Interstate, and has great visibility and access to the street. Improving the site are (3) wood frame buildings with the first building formerly used as a 28-seat restaurant that is designed with a breakfast/lunch counter, booth unit dining area with pine floors, 2-restrooms, and a kitchen/food prep area. The side building is a log cabin with entry deck, front retail area and partially finished rear office/storage area. The rear building is a 2-bedroom cottage style year-round home with living room, kitchen/dining area, full bath, hardwood floors, covered front porch, and a rear private deck. Other features include ample parking, horseshoe driveway and a roadside sign. Arundel R-4 Zone and Lyman Commercial Zone. Restaurant equipment to be included with the real estate. Reference Arundel Tax Map 20, Lot 5 and Lyman Map 12, Lot 18-1.

Preview: Wednesday, June 27, 2018 from 10-11AM

Directions: From Exit 32 of the Maine Turnpike, right onto Rt. 111, follow 4.5 miles to property on the right.

Terms: A $10,000 deposit to bid in CASH or CERTIFIED U.S. FUNDS, payable to Keenan Auction Co., Inc., 30 day closing. A 10% Buyer’s Premium. All other terms will be announced at the public sale. For a Property Information Package visit KeenanAuction.com or call (207) 885-5100 and request by auction number 18-66. Richard J. Keenan #236. Our 46th Year and 7,823rd Auction.

Sale in Cooperation with Malone Commercial Brokers

Property Information Package Available
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