A legacy Presque Isle lumberyard is back on the market three months after it sold at a foreclosure auction.
The former Rathbun Lumber Co. was listed for $499,000 through RE/MAX County in late November.
It was purchased by Glendon Braley and Green Meadow Farms Inc. of Mapleton at auction in September for $250,000, documents filed in the Southern Aroostook Registry of Deeds show and a Green Meadow employee confirmed Thursday.
The lumberyard was run by the Rathbun family at 43 State St. from 1948 until 2016, when owner Alden Rathbun sold it to longtime employee James Mclaughlin. It last sold for $275,000, according to its property tax card.
The business closed this spring after defaulting on a loan with Acadia Federal Credit Union. North Haven Inc., a property management company under the umbrella of Green Meadow Farms, only formally acquired the property on Nov. 5, records show, 20 days before it was put back on the market.
Attempts to reach Braley were not successful.
