Sea Latch Inn 277 Long Beach Ave

Real Estate Foreclosure Auction 24-120
Sea Latch Inn
82-Room Lodging Complex - Ocean Views
2+/- Acres - Across From Long Sands Beach
277 Long Beach Ave., Rt. 1-A, YORK BEACH, MAINE
Auction will be postponed to: Thursday, December 19, 2024 at 11AM on Premises. Borrower has filed Bankruptcy and the auction has been adjourned to the above referenced date. Please contact the office prior to attending to confirm whether the auction will be conducted on this date.
PREVIEW DATE: Wednesday, October 2, 2024 from 12-2PM
Contact Auctioneer's office to schedule an appointment.
Buyer Broker Participation Available. Contact Auctioneer for Qualifications.
The SEA LATCH INN is an 82-unit hotel complex comprising of 1, 2 and 3-story buildings and (6) individual cottages located directly across the street from Long Sands Beach with 160+/- ft. of frontage on Long Beach Ave and Eastern Ave. The property is in close proximity to the village of York Harbor, local shops, restaurants, Cape Neddick and the historic Nubble Lighthouse. The property underwent renovation in 2014. Guestrooms include a 36-room 3-story interior corridor building, 26-room 2-story exterior corridor building including 2-suites, a 10-room single story exterior corridor building, (2) 4-unit buildings, (2) 2-unit buildings as well as (6) cottages for a total of 90 rooms with 82 keys. Rooms are nicely appointed with quality furnishings, electronics, and Wi-Fi. The amenities include Atlantic Ocean access directly across the street at Long Sands Beach, pool area, onsite parking, recreation area, and sunning decks. Reference Tax Map 130, Lot 33.
To view Auction 24-121 an abutting 2.55+/- Acre Development Parcel, Click Here.
SITE
LOCATION: Town of York, County of York, State of Maine, Village of York Beach – 277 Long Beach Ave,. 3.5 miles to Maine Turnpike, 1.4 miles to York Village and York Harbor. Atlantic Ocean 50+/- ft. from edge of property
LOT SIZE: 2+/- Acres
FRONTAGE: 160+/- ft. on Long Beach Ave. and 160+/- ft. of frontage on Eastern Ave. Good
ACCESS: Good
VISIBILITY: Good
SHAPE: Rectangle
TOPOGRAPHY: Level at street grade
SITE IMPROVEMENTS: Asphalt paved parking areas, swimming pool, signage, landscaping, yard lighting, curbing, and drainage
ZONING: Residential-7 allows single family, two-family and multi-family housing, hotels/motels, restaurants, and public uses.
FLOOD ZONE: Zone AE (EL-13), FEMA Map & Date, 23031C0686G, effective on 7/17/2024
PARKING: Ample parking for number of rooms. Not all parking spots are marked.
WATER/SEWER: Public
UTILITIES: Electric, cable, and telephone
IMPROVEMENTS
BUILDINGS: 13 total, (Building A) 3-story interior corridor with an elevator 36 Rooms - (Building B) 2-story exterior corridor 26-Rooms - (Building C) 1-story exterior corridor 10-Rooms - (Building D and E) 2 and 1-story exterior corridor 4-Rooms each - (Buildings F and G) 1-story exterior corridor 2-Rooms each - (6) 1-story detached cabins
ROOM COUNT 90
KEYS: 82
GROSS LIVING AREA: 34,654+/- SF - Bungalows range from 338+/-SF to 754+/-SF - (Building A) 15,053+/-SF - (Building B) 6,972+/-SF - (Building C) 3,322+/-SF - (Building D) 1,948+/-SF - (Building E) 1,512 +/-SF - (Building F) 1,091+/-SF - (Building G) 788+/-
NUMBER OF FLOORS: 1, 2 & 3
BUILT: 1960 with renovations and new construction of (Building A) in 2014
STRUCTURAL FRAME: Wood frame
FOUNDATION: Poured concrete slab, concrete footings under cabins
FLOORS: Wood sub-floors over wood joists
EXTERIOR WALLS: Vinyl siding
ROOF: Gabled, Hip, Flat
WINDOWS: Thermal windows in aluminum and wood frames
DOORS: Glass, wood and metal
FLOORING: Carpet, Tile and Wood
INTERIOR WALLS: Painted drywall
INTERIOR CEILINGS: Drywall and acoustical tiles
HEATING/COOLING: Electric, heat/ac splits
SPRINKLED: Yes Buildings A and B
SECURITY: Exterior and interior monitors
INTERIOR LIGHTING: Fluorescent and incandescent
RESTROOMS: The property features adequate public restrooms for men and women. Guestrooms have three-fixtures including tub/shower, sink, and toilet.
ASSESSOR ID: Map 130, Lot 33
Directions: Heading north on the Maine Turnpike, take The Yorks/Ogunquit Exit #7, right at end of ramp onto spur towards Rt. 1, at end of spur turn right onto Rt. 1 south, follow .3 miles and then left onto Rt. 1A (York St.), follow 3.6 miles to property on the left. Reference Tax Map 36, Lot 82.
Terms: A $100,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The deposit must be increased to 10% of the purchase price within 5-business days of the public sale. The property will be sold by public auction subject to all outstanding municipal assessments. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety. All other terms will be announced at the public sale. For a Property Information Package visit KeenanAuction.com or call (207) 885-5100 and request by auction number 24-120. Richard J. Keenan #236. Our 52nd Year and 8,692nd Auction.