Bangor, Maine - Bangor Theological Seminary confirmed Monday that it has officially sold the campus it called home for 186 years to a pair of Bangor and Portland developers for $1.65 million.

The new owners, Paul Cook of Bangor and Kenneth Ray, a self-employed Portland businessman, formed Seminary Redevelopment LLC six months ago. They plan to continue to rent residential and commercial space on the campus and to renovate Maine Hall, the oldest building on the campus.

"We're entertaining all the different options that we have before us. I can honestly say that we have not settled on a plan," Cook said Monday.

The sale of the 9.25-acre property closed on Friday. The campus, which was donated to the Bangor Theological Seminary in 1819 and now is assessed at $1.69 million, consists of three academic buildings and six residences, including the former home of Hannibal Hamlin, Abraham Lincoln's first vice president.

Bill Imes, the president of Bangor Theological Seminary, which moved to the campus of Husson College in September 2005, called the sale bittersweet.