Real Estate Auction General Store - Restaurant - (3) Apartments
Real Estate Auction 21-28 - General Store - Fully Equipped Restaurant - (3) Apartments - .38+/- Acres - Re: Rosie's Lovell Village Store & Restaurant - 234 Main Street, Lovell, Maine - Friday, May 14, 2021 at 11AM On Premises The above stated price is the last list price and just a place holder. The auction is with reserve and the sale is subject to confirmation of the seller.- Auctioneer's Note: After 20 years of providing the Village of Lovell and its many visitors with great food, friendly service and convenient shopping, Rosie McKenzie of the Lovell Village Store & Restaurant has decided to retire. The Keenan Auction Company has been retained to offer the iconic eatery at public auction. Always a local favorite, Rosie's has also gained honorable mention in many publications including the New York Times and Downeast Magazine. Famous author Stephen King was a regular at the restaurant of which he depicts in his novel and movie. We invite you to participate in this great auction opportunity to own one of Western Maine's true gems. - Real Estate: Consists of a .38+/- acre parcel with 145+/- ft. of frontage on Main Street. The level site has excellent street access/exposure and ample parking. Improving the site is a mixed-use property that is presently used as a general store and 32 seat restaurant on the first level, and (3) apartments on the upper levels. The circa 1880 building (4,432+/-SF) has received recent updates including new floors in the dining room and rear kitchen (2020), HVAC heat pumps (2018), and updated septic system (2017). The main entrance to the store is designed with a 1950's style lunch counter with (12) soda fountain stools and a retail area. The mid-section contains a 10-door reach-in beverage cooler, check-out counter, coffee station, main kitchen line, and a pizza oven/prep room. The rear section contains a dining room, bathroom, office, clean and prep room with walk-in freezer, utility area, and storage room. The upper level houses (3) apartments including (1) 3BR, (1) 2BR, and (1) 1BR unit that are all currently occupied and rented on a month-to-month basis. The property will be sold as an entirety to include real estate, all restaurant equipment and remaining inventory. Reference Tax Map U2, Lot 28 - Inspection: Monday, May 3rd from 10AM-12PM. Showings will be scheduled in 1 hour intervals. Contact Auctioneer's office to schedule an appointment time for showing. Proper distancing, group size, and health and safety precautions will be followed. - Directions: From Fryeburg at the junction of Routes 302 & 5, follow Rt. 5 north 9.3 miles to property on the left. - Bridgton, ME - 12 Miles - No. Conway, NH - 20 Miles - Portland, ME - 50 Miles - Portsmouth, NH - 96 Miles - Boston, MA - 154 Miles - Providence, RI - 205 Miles - Hartford, CT - 242 Miles - New York, NY - 357 Miles - 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), increased to 10% of the final purchase price within 5 calendar days of the public sale, with balance due and payable within 30 days from date of auction. A 10% Buyer's Premium. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #21-28. Our 49th Year and 8,340th Auction.
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