Magnificent Seven Limited Partnership Purchase and Sale Agreement February 2026
Northport Enters Agreement to Purchase Beech Hill Road Property
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Description
The Town of Northport, Maine entered into a Purchase and Sale Agreement with Magnificent Seven Limited Partnership to acquire 2.8 acres at 8 Beech Hill Road for $325,000.00, with closing targeted for April 3, 2026. The transaction is contingent on voter ratification and securing short-term BAN financing.
Contract Details
Contract Amount
$325,000.00
Vendor
MAGNIFICENT SEVEN LIMITED PARTNERSHIP
Agency
Town of Northport, ME
Contract Type
FACILITIES
Document Date
February 19, 2026
Contract Term
Closing on April 3, 2026; Effective Date February 19, 2026
Renewal Date
2026-04-03
Renewal Info
One-time real estate purchase; no renewal terms apply. Closing must occur after voter approval at a Special Town Meeting within 21 days of the effective date and after securing required BAN financing.
More from Town of Northport
Select Board Agenda May 26, 2026
Select Board Meeting Agenda March 2026
Magnificent Seven Limited Partnership Purchase and Sale Agreement February 2026
Magnificent Seven Limited Partnership Purchase and Sale Agreement February 2026
Town of Northport Special Town Meeting Minutes January 2026
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