The fate of the abandoned oyster factory at the end of Shipyard Lane in East Marion remains uncertain after an auction to sell the property was canceled earlier this month.
Following a judgment of foreclosure and sale dated June 20, a public auction of the 18-acre waterfront property was scheduled to take place at Southold Town Hall Aug. 16. According to a legal notice, the approximate lien amount was $2.9 million, plus interest and other fees. It wasn’t clear if that figure was the reserve price for the property. READ