100 U S Route 1 Cumberland, ME 04110

The above stated price is the tax assessed value of uncompleted project and a place holder only. Auction is subject to confirmation of United States Bankruptcy Court - Real Estate Auction 25-100 - Sale By Order of United States Bankruptcy Court for the District of Maine - 45-Unit Luxury Residential Complex - New Construction Completed 2025 - "The Mark at Cumberland Foreside" - 100 U.S. Route 1, Cumberland, Maine - Auction Date: Wednesday, September 17, 2025 at 11AM On Premises - Preview Dates: Wednesday, August 27, September 3 & 9, 2025 from 9AM-12PM - PROJECT SUMMARY: The Mark at Cumberland Foreside is one of Greater Portland's newest to market luxury residential complexes that is being offered at public auction in the entirety pursuant to a bankruptcy court order RE: Case Number 25-20100. Located in Cumberland Foreside, the site enjoys easy access to I-295 and is only 10 minutes to Portland. Improving the site is a 4-story, 45-unit luxury residential complex containing 64,795+/-SF, which includes a lower level parking garage (12,892+/-SF). The newly constructed complex shows quality materials and modern finishes with state-of-the-art systems including heat pumps, security, and LED automatic lighting. Amenities include lobby elevator, generator, lower level storage units, heated garage, bike storage, and common gathering room. The land parcel consists of a 3.16+/- acre parcel that is generally level and has 348+/- ft. of frontage on U.S. Route One. Paved parking provides 59 surface spaces and 20 garage spaces bringing the total parking to 79 spaces. REAL ESTATE PARCEL • ASSESSOR'S REFERENCE - Tax Map R1, Lot 13B • SIZE - 3.16+/- Acres • SURVEYED - Yes • SHAPE - Irregular • TOPOGRAPHY - Generally level lot, slightly sloping down gradient from road • PARKING - 79 Spaces total. 59 surface space, 20 garage spaces, including 4 ADA • ZONING - OC-S (Office Commercial-South) • FLOOD Map Panel No. & Date - 23005C0539F, 6/20/24 • FLOOD ZONE - Zone X (Unshaded) • ROAD FRONTAGE - 348+/- ft. on Rt. 1 UTILITIES • WATER - Public • SEWER - Public • NATURAL GAS - Summit Natural Gas • ELECTRICITY - Central Maine Power • TELEPHONE - Verizon IMPROVEMENTS • STRUCTURE - Multifamily • GROSS BUILDING AREA - 64,795+/- SF • NUMBER OF BUILDINGS - 1 • STORIES - 4 • NUMBER OF UNITS - 45 • YEAR BUILT - 2024/2025 • ROOF - Main is rolled rubber, Dormers are asphalt shingle, Canopy is metal • STRUCTURAL FRAME - Reinforced concrete, concrete or masonry floors • FOUNDATION - Concrete • FLOORS - Carpet and laminate floor tile • EXTERIOR WALLS - Concrete siding, Faux stone • INTERIOR WALLS - Painted drywall • CEILINGS - Painted drywall • STORAGE - 45 Dry storage units in lower level • ELECTRICAL - 600 AMP with circuit breakers, individual meters • HVAC - Heat pumps, natural gas • SPRINKLER SYSTEM - Wet • ELEVATOR - Passenger accessing all levels UNIT CONFIGURATION • TOTAL - 45, (20) 1BR/1BTH, (4) 1BR/2BTH, (9) 2BR/1BTH, (12) 2BR/2BTH • STYLES - (4) Townhouses and (41) Flats • SIZE RANGES - 1BR 620+/-SF to 785+/-SF, 1BR TH 1,092+/-SF to 1,240+/-SF, 2BR 900+/-SF to 1,327+/-SF • NET RENTABLE AREA - 41,947+/- SF To view the interior photos Click Here to View Buyer Broker Participation Available. Contact Auctioneer to Qualify. Terms: A $500,000 (five hundred thousand) deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to Keenan Auction Company, Inc. (deposited with the Auctioneer as a qualification to bid), increased to 5% of the purchase price within 5 business days of the sale with balance due and payable within 28 days from date of auction. A 5% Buyer's Premium. All other terms will be announced at the public sale. For additional terms and a Property Information Package contact the auctioneers office and request by auction #25-10