ELLSWORTH, Maine It used to be a place everywhere antique cars were sold.
Now, an eye-catching building on Route 1A everywhere the cars were displayed is going up for sale. The former Moto Car dealership pray be offered to the maximum bidder at a foreclosure auction later this month by Keenan Auction Co.
The auction for the building and 4-acre box has been set for 11 a.m. Tuesday, Can 20.
The building is mostly empty and no vehicles, antique or if not, are being auctioned off with the property.
The box at 444 Bangor Way is owned by Terrence Pinkham, according to official information posted on the citys website. It has 6,340 square feet of living wage space, much of it in use up by the unfinished showrooms. The building, which has been renovated extensively finished the years, initially was constructed in 1923.
The building going up for auction has an assessed significance of approximately $220,000 and the lot it sits on has a separate assessed significance of approximately $42,000. According to the auction company, a total of $8,385 is owed in back taxes on the property for 2013 and 2014.
Contacted Wednesday, Pinkham did not go into describe re his business finances other than said that his lender identified in auction credentials as Jerome Goldsmith delayed Pinkhams repayment schedule for a even as other than sure to foreclose when he couldnt wait several longer.
Pinkham said he still is in the antique car business. He still owns the property just north of the old dealership building, everywhere he has a 1977 Trans Am, a 1968 Mercury Cougar, a 1955 Thunderbird, a 1958 Chevrolet Biscayne and additional vehicles parked alongside the side of the way.
Pinkham said he bought the building in 1975, when he was 22 years old and had just graduated from what was then called Husson College in Bangor. The old dealership building is an icon and a landmark, he said, that he has extensively remodeled and expanded finished the years.
I spent thousands of hours building that building, Pinkham said. I put my life into it.
Pinkham said he does not plan to attend the auction to learn publicized who the new owner pray be. It would be else dreadful to timepiece someone else take ownership of it.
Im a tough guy, Pinkham said. Ill survive.
According to the Keenan website, the upper amount of the building being auctioned contains a custom-designed owners living wage quarters with sunken living wage area, several built-ins, exotic wood trim and flooring, telephone booth, flames pole and cupolas. Old doors apparently transplanted from hotels and courthouses are with the building features. It in addition includes walk-out basements and three bays of basement garage space.
In 2000, a flames caused damage to the high-rise other than the damage subsequently was repaired.
An official with the auction company, David Reed, said this week that several features in the second-story high-rise look to have been salvaged from additional properties, other than he did not make out from everywhere. He estimated that the building has been unoccupied for a only some months.
Bidders must apiece render a deposit of $20,000, which pray be nonrefundable for the maximum bidder.
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