Remarks

The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - 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 10AM-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. - QUIPMENT 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 • ASSESSOR'S REFERENCE - Tax Map 39, Blk 187, Lot 43 • SIZE - 1.5+/- Acres • TOPOGRAPHY - Level l • PARKING - 17,500+/- SF. 25 Spaces • ZONING - Urban Residential 1 & 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 with covenants. All other terms will be announced at the public sale. For additional terms and a Property Information Package contact the auctioneers office and request by auction #25-108. Our 53rd Year and 8,798th Auction.

Details

MLS#: 11552533
Price: $412,000

Style: Commercial Building
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Sq Ft: 0
Year Built: 0

Tax Fee: 0