- For Lease $1.00 - $100.00/SF/YR
- Property Type VacantLand
- Lot Size 3.47 Acre
- Date Updated Sep 21, 2026
Description
The Bayside Development Sites comprise a 0.46± AC - 3.47± AC tract of land in Portland's Bayside Neighborhood, divided into four parcels. Situated near I-295's Franklin Arterial Exit with excellent transportation connectivity, within walking distance to Whole Foods, Hannaford, and Trader Joe's. Located directly on the Bayside Trail, connecting to Deering Oaks Park, Back Cove, and the Eastern Prom. Walk Score of 94.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.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.
True
1 Space Available
75 Somerset St, 59 Somerset St, 25 Somerset St, 0 Elm St
Space Type
VacantLand
Lease Rate
$1.00 - $100.00/SF/YR
Total Space
151,153 SF
Divisible Space
3.47 - 151,153 SF
Available Date
Immediate
Renewal Option
Yes
Sublease
No
Contacts
Nate Stevens, SIOR
The Boulos Company
Location
Located at 75 Somerset St, 59 Somerset St, 25 Somerset St, 0 Elm St, Portland, ME 04101, this property is part of the West Bayside neighborhood and Portland ME market.
Contact Listing Broker
Nate Stevens, SIOR
The Boulos Company