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Real Estate Foreclosure Auction 19-187
Gateway Motel - 5.13+/- Acres
735 Main St., Madawaska, Maine
Tuesday, September 24, 2019 at 10AM
Real Estate: Consists of 5.13+/- acres with 700+/- ft. road frontage, Gateway Motel & 4-Corners Restaurant/Lounge, 14,324+/-SF, large commercial kitchen, owners quarters, 44 rooms, on ITS 81 & 83 trails, scenic views of St. John River Valley. Public sewer & water, large concrete basement, maintenance garage, many updates. Real estate and equipment/furnishings will be sold together as an entirety. Reference Madawaska Tax Map 11, Lot 43.
Preview: Tuesday, September 10, 2019 from 9-11AM
Directions: From the center of Madawaska, follow Rt. 1 south approximately 2 miles to the property on the right.
Terms: A $20,000 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 purchase price within 5 business 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. 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. Richard J. Keenan #236. Our 47th Year and 8,098th Auction.
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