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Real Estate Foreclosure Auction 10-247
87,000+/-sf High-Bay Distribution/Warehouse Facility – 9.62+/- Acres
34 Progress Park South, Newport, Maine
Wednesday, November 10, 2010 at 10AM
Real Estate: Consists of a 9.62+/- acre parcel located in the center of Newport with visibility and quick access to I-95. Property is located in the Industrial zone and has public water and sewer. Reference the Town of Newport Tax Map 4, Lot 17-2.
Improving the site is a metal framed 87,000+/-sf high-bay warehouse/distribution facility with offices and separate maintenance garage. The Better Building was constructed by the Sheridan Building Company in three stages starting in 1978, 1982 & 1986.
High-Bay Warehouse Section: Contains 45,000+/-sf (180’x250’) with 34’ ceilings, clear span, (10) 8’x9’ OH doors w/ auto dock levelers, seals, and lights, shipping office, 3-phase power, suspended oil-fired FWA. Built 1986.
Warehouse/Manufacturing Section: Contains 20,480+/-sf (120’x254’) with 16’ ceilings, columns spaced every 40’ lengthwise & 20’widthwise, (1) 8’x9’ OH door on grade, 3-phase, suspended oil-fired FWA, wet sprinkler, 26’x36’ mezzanine storage/break room, a foreman’s office, shipping office, maintenance room, and M/L HC restrooms. Built 1982.
Office Section: Contains 7,920+/-sf (66’x120’) with lobby area, (17+/-) employee & executive offices, conference room, kitchen area, employee café area, IT, storage & utility rooms, oil-fired HWBB, and M/L HC restrooms. Built 1978.
Maintenance Garage: Contains 3,600+/- sf separated from the main facility, with 24’ ceilings, (2) 9’x14’ OH doors on grade, office, 3-phase, and oil-fired FWA. Built 1983.
Preview Date: Monday, October 25, 2010 from 11AM-12PM
Directions: From I-95 north, take Newport Exit #157 right onto Rt. 11, follow 5/10 mile right onto Rt. 2 (Main St.), follow 1/10 mile right onto Progress Park South, follow to property at end.
Terms: A $50,000 deposit (non-refundable as to the highest bidder) in CASH or CERTIFIED U.S. FUNDS made payable to the Keenan Auction Company (deposited with Auctioneer as a qualification to bid), to be increased to 10% of the bid amount within five days of the public sale, in cash or personal check, with the balance due and payable within 45 days of the public sale. All other terms will be announced at the public sale. For a Property Information Package containing legal and bidding documents, visit KeenanAuction.com or call Auctioneer’s office at (207) 885-5100 and request by auction number. Richard Keenan #236. Our 38th year and 5,598th Auction.
Broker Participation Available Contact Auctioneer's office for details
Property Information Package Revised PIP Available
Click on the Property Information Button Below
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