Premier Mixed-Use Investment Opportunity – Building #3, 100 Main Street, Saco, ME
Chapter 11 Bankruptcy Sale
This is a fully consensual Chapter 11 sale process conducted by the seller/owner, as debtor in possession, with the consent and support of the seller’s senior lender, ensuring a transparent process with access to financials and relevant buyer due diligence materials.
Building #3 presents an exceptional opportunity to acquire a fully leased, income-producing mixed-use property in a prime Saco Island location. This well-positioned asset features:
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A successful restaurant & brewery spanning 7,947+/- sq. ft.
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25 loft-style residential apartments totaling 11,328+/- sq. ft.
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Office space encompassing 3,200+/- sq. ft.
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Off-Street Parking
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Strategically located adjacent to the Saco River and Amtrak Downeaster Station, this property offers long-term value and stable cash flow.
Key Points for Buyers:
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Seize this opportunity to acquire a stabilized asset in one of Saco’s most desirable locations, offering long-term income potential and a strong tenant base.
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Existing tenants – including the restaurant/brewery, office, and residential units – are not impacted by this sale.
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Leases remain in place, ensuring immediate and ongoing rental income for the new owner.
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Buyer to acquire real estate with clean title and no successor liability risk, including free and clear of existing liens and claims against the property (municipal liens paid in addition to high bid).
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Final approval of winning bid is subject to Bankruptcy Court review. Please download the Property Information Package for full details.
Below is a brief summary of salient dates* related to this sealed bid auction.
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April 4: Competing Qualified Bids due. Delivered to (a) counsel for the debtor, Bernstein, Shur, Sawyer & Nelson, P.A., Attn: Adam R. Prescott, aprescott@bernsteinshur.com, and (b) Tranzon, Attn: Michael Carey, mcarey@tranzon.com.
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April 8 at 10:00am: Auction at Bernstein Shur, 100 Middle Street, Portland, ME (if a competing Qualified Bid is timely received).
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April 17 at 1:00pm: Hearing on Motion to Sell
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May 8: Closing deadline
*Please review the Bid Procedures and other documents in the Property Information Package and Additional Documents section of this listing for complete details. Please feel free to call or email us with any questions or needed clarifications.
Michael B. Carey | ME AUC Lic. 1466 | ME RE Lic. #DB919594