9 Somerset St
Land | 0.785 acres
Marketing description
Development site available for sale in the desirable Bayside neighborhood of Portland.
The Boulos Company is pleased to present the unique opportunity to acquire a rare 0.785±* acre development assemblage located in the booming City of Portland, Southern Maine’s commercial and cultural hub. The property is strategically situated in the burgeoning Bayside neighborhood, adjacent to popular retail destinations such as Whole Foods, Walgreens, and Trader Joe’s.
The zoning regulations in place allow for the construction of multi-family housing and/or commercial development. The property’s prime location further enhances its appeal. Situated near the I-295 Franklin Arterial exit, it offers excellent transportation connectivity for residents and visitors alike. Additionally, the world-famous Old Port area, renowned for its historical charm and vibrant atmosphere, is in close proximity. This property is adjacent to a plethora of retail, cultural, educational, and dining options, which contributes to the attractiveness of the development assemblage.
The property is currently being offered for sale with no asking price. This allows interested parties to engage in a discreet and tailored negotiation process.
0.785± AC parcel of land improved with a 3,513± SF commercial building (to be demolished)
Investment highlights
- Neighboring retailers include Whole Foods, Planet Fitness, Walgreens, Trader Joe’s, and a multitude of shopping, eating, and entertainment venues.
- Close to several renowned educational institutions including the Maine College of Art, University of Southern Maine, and Northeastern’s Roux Institute.
- Walk Score of 96; Bike Score of 78.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
