Real Estate Foreclosure Auction 28,862+/-SF Mixed-Use Com. Bldg
Real Estate Foreclosure Auction 21-11 - 28,862+/-SF Mixed-Use Commercial Building, - .14+/- Acres - 333-339 Water St., Augusta, Maine - Friday, February 5, 2021 at 1PM - The above stated price is the tax assessed value and just a place holder. - The lender reserve the right under Maine law to bid at the foreclosure sale. - Real Estate: Consists of a .14+/- acre downtown location. The site is improved with a 28,862+/-SF, four-story, mixed-use commercial, masonry building, formally the Augusta Masonic Hall. The first floor street level has been converted into two retail areas. The spaces are currently being used as a market and nail salon. The upper levels are in varying stages of completion and possibly could be used as residential use or office space. There are areas on the upper levels that contain a former dance studio, gymnasium, former racquetball/squash courts and a sauna. Kennebec Business District 1 (KBD1) Zone. Reference Tax Map 33, Lot 282. - Inspection: The inspection that was scheduled to take place on January 22nd from 8-9:30 has been postponed until further notice. For updates, please contact auctioneers office to be placed on email list. Reference Auction 21-11 Augusta. - Directions: From the Memorial Circle at the State Capital, follow Water St. .4 miles to the property on the right. - Terms: A $20,000 deposit to bid in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., increased to 10% of the purchase price within 5 business days of the public sale (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 28 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction number 21-11. . Our 49th Year and 8,312th Auction.
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