West End Commercial Property

Real Estate Auction in 64 Pine Street, Portland Maine, United States

10 Thursday
January 10th, 2019 11:00 AM

West End Commercial Property

Real Estate Auction in 64 Pine Street, Portland Maine, United States

Thursday at - 10th January , 2019

Notes

Buyers premium: None.
Closing: Within 45 calendar days of auction. Purchaser shall have the option to extend closing an additional 15 calendar days so long as Purchaser increases the deposit by an additional $100,000. This additional deposit must be received by Auction Firm no later than 40 calendar days from the auction. Sold in As-Is condition, no contingencies.
Deposit Amount: $50,000, in certified funds. Deposit to be increased to ten percent (10%) of purchase price within 5 business days of auction.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Located along the southern coast of Maine, Portland is the State’s largest city and the epicenter of its retail commerce and business activity.

Property is located in the highly desirable section of Portland’s West End neighborhood. The area is renowned for its historic charm with magnificent Revivals, Italianates and Federal homes lining the streets. It’s walkability, exceptional restaurants and parks all add to the area’s appeal.

The site is 0.22+/- acres located in the B-1 Neighborhood Business Zone complete with a large paved parking lot (rare in the area!) and good visibility.

A staple in the community for many years, the building was most currently used as a café and catering business. It features 4,917+/- sf (inclusive of 1,584+/- sf of basement space) with an open restaurant/retail space with counter ordering and seating, two equipped commercial kitchens and a lower level with storage/support space and a small office. There is a 288+/- sf walk-in refrigeration unit attached at the rear of the building added in 2000+/-.

This is a special opportunity to own a piece of history and make it your own!

Michael B. Carey - ME AUC Lic. 1466 | Sophia P. Rosendo - ME RE Lic. BA918174