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  5. ›2020 - 6 Tax Acquired Property - 6 Turner Street

City of Presque Isle·Maine

2020 - 6 Tax Acquired Property - 6 Turner Street

Closes 6/30/2020$1k – $20kInvitation for Bid
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Description

This opportunity is a municipal tax‑sale of a small (0.13‑acre) parcel located at 6 Turner Street in Presque Isle, Maine. The City is inviting sealed bids; the minimum acceptable bid is $8,100 and a 10 % deposit must accompany each bid. The winning bidder must pay the balance within 30 days, after which the City will issue a bill of sale (without any title warranty) within 60 days. The buyer assumes all title risk and must accept the property within 30 days of the sale date. • Minimum bid: $8,100; deposit ≥ 10 % of bid. • No warranties or title abstracts – purchase “as‑is.” • Deadline for sealed bids: June 30 2020, 12 noon, submitted to the City Clerk’s Office. • Payment due 30 days after acceptance; title transferred within 60 days of full payment.

Attached files

Key dates

Opened
6/1/2026
Closes
6/30/2020

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531310
Solicitation №
2020 - 6 Tax Acquired Property - 6 Turner Street

Budget estimate

$1,000 – $20,000

Because the solicitation is a purchase rather than a paid service contract, “earnings” would come from any subsequent development, resale, or lease of the property. Assuming a modest developer profit margin of 10‑30% on the $8,100 purchase price (plus any improvement costs), the net gain could range from roughly $800 to $2,500 in the short term, or higher if the land is improved or rezoned. For a more ambitious development (e.g., adding a small structure), profit could climb into the $10‑20 k range. Hence a plausible earnings window is $1,000 – $20,000, depending on post‑sale actions.

AI estimate from the solicitation

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