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Property Information Package Available
Lead Paint & Arsenic Well Water and Treated Wood Information Available
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: Friday, April 26, 2024 at 11AM
(CANCELLED)
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 doctors 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's Broker Participation Program Available. Contact Auctioneer's Office 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 visit KeenanAuction.com or call (207) 885-5100 and request by auction #24-20. Richard J. Keenan #236. Our 52nd Year and 8,614th Auction.
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