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  5. ›2020 - 12 Tax Acquired Property - 132 Mechanic Street

City of Presque Isle·Maine

2020 - 12 Tax Acquired Property - 132 Mechanic Street

Closes 6/30/2020$5k – $25kInvitation for Bid
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Description

This opportunity is a municipal sale of a small, tax‑acquired parcel of land (0.16 acre) located at 132 Mechanic Street, Presque Isle, Maine. The City of Presque Isle is seeking sealed bids from any interested party; the property will be sold “as‑is” with no warranties or title guarantees. The winning bidder must provide a deposit of at least 10 % of the bid amount, pay the full purchase price within 30 days of acceptance, and take possession of the property within 30 days of the sale. The City reserves the right to terminate the sale if the buyer fails to comply with the terms. • Minimum bid: $500; deposit ≥ 10 % of the bid (minimum $50). • Bid deadline: 12 PM local time, June 30 2020 (sealed bids). • Payment due within 30 days of acceptance; title (Bill of Sale) delivered within 60 days of full payment. • No warranties, title abstracts, or indemnities are provided – buyer assumes all risk.

Attached files

Key dates

Opened
7/7/2026
Closes
6/30/2020

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210

Budget estimate

$5,000 – $25,000

Because the opportunity is a sale rather than a service contract, the “budget” for a successful bidder is the potential profit from reselling or developing the land. Assuming a modest market value for a 0.16‑acre parcel in Presque Isle (estimated $10 k–$30 k), and factoring possible redevelopment costs, a realistic profit range might be $5 k to $25 k. This estimate reflects uncertainties in market demand, development costs, and the “as‑is” condition of the property.

AI estimate from the solicitation

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