JJManning Auctioneers is selling four “Puffin Stop” Gas Stations / Convenience Stores in Maine. The stores will be auctioned off individually on Thursday, July 15, 2010.
The Terms of Sale include a 10% deposit of which $20,000 Per Property must be presented in cash, certified or bank check at the auction. The remainder of the 10% deposit in wire transfer, cash, certified or bank check is due by 5pm ET on Tuesday, 7/20/10. The balance is due in 45 days. There is a 10% Buyer’s Premium. Other terms, if any, will be announced at the sale.
Online bidding terms are available at www.JJManning.com. There is a mandatory 72 hour pre-registration. A 2% Broker Commission is being offered with a mandatory 48 hour broker pre-registration.
The locations include:
—57 Main St./Rt. 4, Livermore Falls, Maine, “Puffin Stop” -to be sold at Absolute Auction – to the highest bidder regardless of price. The station is located on a busy corner near a library and post office, in a tourist destination recreation area. The 960 square-foot store and gas station sit on .52+/- acres with 101 foot of frontage on Main St./Rt. 4 and 208 feet on Millet St. There are three islands under a canopy, equipped with fire suppression.
-191 Park St./Rt. 1, Rockland, Maine, “Puffin Stop” with fast food service. The property is in a high visibility Rt. 1 intersection in a commercial area near the railroad yard and features a chain link fence and an above ground propane storage tank. There are two islands under a canopy, equipped with fire suppression. The 4,617 sf. store and gas station sit on .75 acres with 145+/- ft. of frontage on Park St./Rt. 1 and 200+/- ft. on Highland St.
-131 N. Main St., Rockland, Maine, “Crossroads Puffin”. The property has great visibility, located at Rt. 1A crossroads high-traffic intersection near JC Park with easy access to Rt. 1 and Rt. 17. There are two islands under a canopy, equipped with fire suppression plus a storage shed. The 2,100 square foot store and gas station sit on .49 acres with 202 feet of frontage on N. Main St. and 133 square feet. on Birch St.
-84 Auburn St./Rt. 26, Portland, Maine, “Auburn Street Mobile” Vacated Gas Station/Convenience Store. The property is in a high-traffic, North Deering area on Rt. 26 close to Rt. 100 intersection, neighboring offices and Northgate Plaza/Shaw’s, between I-95/ME Tpk. and I-295. There are four islands under a canopy, equipped with fire suppression. The 581-square foot store and gas station sit on .65 acres with 200 feet of frontage.