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Property Information Package (PIP) Available
Lead Paint & Arsenic Well Water and Treated Wood Information Available
Real Estate Foreclosure Auction 25-108
Re: Rathbun Lumber
20,700+/- SF Retail/Warehouse Complex, 1.5+/- Acres
43 State St., Presque Isle, Maine
Auction Date: Monday, September 8, 2025 at 10AM
Preview Date: Tuesday, August 26, 2025 from 9AM-12PM
Equipment To Be Sold In A Timed Online Auction
SUMMARY: Land consists of a 1.5+/- acre parcel with 148.5+/- ft. on State St. and 35 +/- ft. on Parsons St. The street level parcel is located with in close proximity to downtown Presque Isle. The primary parking for approximately 25 spots is to the front of the building with side parking on each end. Improving the site is a 10,817+/- SF. 2-story showroom/office with an attached 3-bay open span building for lumber and building material storage. Adjacent to the showroom is a 4,500+/- SF. metal framed building used for lumber and material storage. Along the eastern side of the property is an open storage shed with a loft and racks for lumber storage.
EQUIPMENT AND INVENTORY IS BEING SOLD IN A TIMED ONLINE AUCTION ENDING, JULY 28, 2025 AT 1PM. FEATURES INCLUDE FORKLIFTS - ROLLING STOCK - BUILDING MATERIALS - POWER TOOLS - HARDWARE STORE INVENTORY - SHOP EQUIPMENT Click Here to View Equipment Web Page.
REAL ESTATE PARCEL
ASSESSORS REFERENCE - Tax Map 39, Blk 187, Lot 43
SIZE 1.5+/- Acres
TOPOGRAPHY - Level l
PARKING 17,500+/- SF. 25 Spaces
ZONING Urban Residential & Business
FLOOD ZONE FEMA Food Map # 2300320007B
VISIBILITY - Excellent
ROAD FRONTAGE 148.5+/- ft. on State St. and 35+/- ft. on Parsons St..
DISTANCE TO I-95 EXIT 302 40.1 Miles
DISTANCE TO CANADIAN BORDER CROSSING 13.2 Miles
DISTANCE TO PRESQUE ISLE NORTHERN MAINE AIRPORT 2 Miles
SIGNAGE Roadside
WATER - Public
SEWER - Public
AMENITIES
LOT LOCATION - In Town
STRUCTURE Lumber Yard/Showroom/Building Material Storage
RESENT UPGRADES 2013
GROSS BUILDING AREA 20,700+/- SF
STORIES - 2
YEAR BUILT - 1950 Upgrades 2013
ROOF Metal/ Rubber/Asphalt
ROOF TYPE - Gabled
STRUCTURAL FRAME Metal/Wood
FOUNDATION - Poured Concrete Slab
FLOORS - Cement
WINDOWS Thermal Windows in Aluminum Frames
EXTERIOR WALLS Brick/ Vinyl/Metal
INTERIOR WALLS - Painted Drywall
CEILINGS Drop/Painted Wood/Drywall
RESTROOM - 2
HEATING SOURCE Oil
HEATING SYSTEM Hot Water
COOLING HVAC
Buyer Broker Participation Available. Contact Auctioneer to Qualify.
Terms:A $20,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to Keenan Auction Company, Inc. (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price within 5 business days of 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 quit claim deed without covenants. All other terms will be announced at the public sale. For additional terms and a Property Information Package visit KeenanAuction.com or call (207) 885-5100 and request by auction #25-108. Richard J. Keenan #236. Our 53rd Year and 8,798th Auction.
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