Bayside Development Sites
LandMulti-FamilyMixed Use75 Somerset Street, Portland, ME 04101
- Type
- Sale
- Status
- Active
- Asking Price
- $1 – $50,000,000
- Price/SF
- $0.00 – $2,500.75/SF
- List Date
- Sep 21, 2026
- Available
- Sep 21, 2026
- Days on Market
- 3
- Financing Available
- No
- Owner Occupied
- No
- Agent Ownership Interest
- No
Bayside Development Sites
The City of Portland has exclusively hired The Boulos Company to market the unique opportunity to purchase, lease, or otherwise develop on a 3.5± acre tract of land located in Portland’s Bayside Neighborhood. This land is separated into four parcels, and the City will consider offers for one or multiple parcels. The recently changed zoning regulations allow for the construction of dense commercial housing, as well as other uses. The property’s prime location further enhances its appeal. Situated near I-295’s Franklin Arterial Exit, as well as existing public transportation, it offers excellent transportation connectivity for residents. Additionally, the property is located in walking distance to Whole Foods, Hannaford, and Trader Joes. It is also located directly on the Bayside Trail, which connects pedestrians to Deering Oaks Park, Back Cove, and the Eastern Prom. These parcels are also adjacent to a plethora of retail, cultural, educational, and dining options. In addition to this Offering Memorandum, The Boulos Company has published an RFP which describes the selection process, timeline for transactions, and a narrative on what the City wants to see on these sites. Submitters to the RFP are highly encouraged to engage directly with The Boulos Company for guidance through this process.
Space Details
- Available SF
- 19,994.04 – 151,153.2 SF
- Type
- Sale
- Status
- Active
- Asking Price
- $1 – $50,000,000
- Price/SF
- $0.00 – $2,500.75/SF
- List Date
- Sep 21, 2026
- Available
- Sep 21, 2026
- Days on Market
- 3
- Financing Available
- No
- Owner Occupied
- No
- Agent Ownership Interest
- No
Bayside Development Sites
The City of Portland has exclusively hired The Boulos Company to market the unique opportunity to purchase, lease, or otherwise develop on a 3.5± acre tract of land located in Portland’s Bayside Neighborhood. This land is separated into four parcels, and the City will consider offers for one or multiple parcels. The recently changed zoning regulations allow for the construction of dense commercial housing, as well as other uses. The property’s prime location further enhances its appeal. Situated near I-295’s Franklin Arterial Exit, as well as existing public transportation, it offers excellent transportation connectivity for residents. Additionally, the property is located in walking distance to Whole Foods, Hannaford, and Trader Joes. It is also located directly on the Bayside Trail, which connects pedestrians to Deering Oaks Park, Back Cove, and the Eastern Prom. These parcels are also adjacent to a plethora of retail, cultural, educational, and dining options. In addition to this Offering Memorandum, The Boulos Company has published an RFP which describes the selection process, timeline for transactions, and a narrative on what the City wants to see on these sites. Submitters to the RFP are highly encouraged to engage directly with The Boulos Company for guidance through this process.
Space Details
- Available SF
- 19,994.04 – 151,153.2 SF