PRESQUE ISLE, Maine — A Maine company has postponed the auction of a historic four-story office building in Presque Isle.
Keenan Auction Company of Portland announced in January the foreclosure auction would be held on Feb. 22, but has now postponed the sale until March 20. C&C Rental Properties LLC of Presque Isle currently owns the building.
“The lender, Camden National Bank, has entered into an agreement with C&C Rental Properties,” said Stef Keenan, auctioneer and broker with Keenan Auction. “Part of that required that the bank postpone the auction.”
Details of the agreement are not known, but if both parties reach an arrangement the auction could be canceled, he said. For now, the sale is still scheduled.
The 39,410-square-foot complex includes an adjoining building at 480 Main St.
The original two-story building on State Street was built in 1946, according to the Presque Isle Historical Society, and originally housed Northern National Bank. The four-story addition was built in 1978.
Casco Northern replaced Northern National and later KeyBank took over the building, which was Presque Isle’s first four-story office structure.
C&C Rental Properties acquired and renovated the complex roughly five years ago, and in October 2020 Vision Care of Maine opened its second Presque Isle site there.
Vision Care of Maine occupies much of the complex. The Aroostook County Action Program has part of the building, and the local Cinderella Project of Maine, which gives away prom dresses to girls who want them, is also housed there.
