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Four-Parcel Commercial Land

75 Somerset St 59 Somerset St 25 Somerset St 0 Elm St, Portland, ME 04101

For Sale
Contact for pricing

The 3.5-acre tract comprises four parcels available for individual or combined acquisition and development.

Property SizeContact for details
Days on Market51

Property Features for 75 Somerset St 59 Somerset St 25 Somerset St 0 Elm St

General Information

Standard status Active
Property subtype Land/Multifamily/Mixed-Use
Listing Agency: The Boulos Company
Listed By: Nate Stevens, SIOR · License ME #921332
Source: Boulos
Added: Sep 22 Changed: Oct 26 Last Checked: Nov 10 at 6:16AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

Rey
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Investment Insights

Based on property information with market context.

This commercial land offering encompasses a 3.5± acre tract divided into four parcels. The configuration allows consideration of separate parcel acquisitions as well as a combined transaction, supporting multiple development approaches. The property is being marketed for purchase, lease, or other development arrangements by the City of Portland.

The sites are located in Portland’s Bayside Neighborhood and include 75 Somerset St, 59 Somerset St, 25 Somerset St, and 0 Elm St. The City will evaluate proposals involving one parcel or several parcels, providing flexibility in how the tract is assembled for future use.

Key Highlights

  • 3.5± acre commercial land tract
  • Four separate parcels available for consideration
  • Offers may address one parcel or multiple parcels

Property Analytics

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Big Box & Wholesale Store Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 04101, ME

18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value

Market

Average Price Trend$/SF for Commercial land in Cumberland County, ME

$141 Jul
$288 Aug
$304 Sep
$255 Oct

Properties on Market for Commercial land in Cumberland County

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - The 3.5-acre tract comprises four parcels available for individual or combined acquisition and development.
Where is this commercial land located?
The property is located at 75 Somerset St 59 Somerset St 25 Somerset St 0 Elm St Portland, ME.
What are key features of this property?
This property features: 3.5± acre commercial land tract; Four separate parcels available for consideration; Offers may address one parcel or multiple parcels
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