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For Sale

Bayside Development Sites

75 Somerset St, 59 Somerset St, 25 Somerset St, 0 Elm St,
Portland, ME 04101
Represented by
The Boulos Company

Asset Snapshot

3.47 Acres
Land Area

Offering Summary

Investment Overview

The City of Portland has exclusively hired The Boulos Company to market the unique opportunity to purchase, lease, or otherwise develop a 3.5± acre tract of land in Portland's Bayside Neighborhood, separated into four parcels. The City will consider offers on one or multiple parcels. Recently changed zoning regulations allow for the construction of dense commercial housing, as well as other uses. Prime location near I-295's Franklin Arterial Exit and existing public transportation, walking distance to Whole Foods, Hannaford, and Trader Joe's. Located directly on the Bayside Trail. An RFP describing the selection process, transaction timeline, and the City's vision for these sites has also been published. Submitters are highly encouraged to engage directly with The Boulos Company for guidance through this process.


How it Works

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Listing Syndicated From

Buildout
Accepting Offers
Unlisted
Asking Price

Investment Sales Broker

Nate Stevens, SIOR
The Boulos Company

Market Insights