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  5. ›2020 - 7 Tax Acquired Property - 9 Water Street

City of Presque Isle·Maine

2020 - 7 Tax Acquired Property - 9 Water Street

Closes 6/30/2020$5k – $20kInvitation for Bid
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Description

This solicitation invites sealed bids for the purchase of a tax‑acquired parcel at 9 Water Street in Presque Isle, Maine. The City of Presque Isle will sell the 0.18‑acre lot on a “as‑is” basis with no warranties or guarantees regarding title, habitability, or development potential. Interested parties must submit a sealed bid with a deposit of at least 10 % of the bid amount by the deadline. The City may accept any bid or reject all bids within 30 days of the bid deadline, and full payment must be made within 30 days of acceptance. Title will be transferred via a Bill of Sale within 60 days of payment.

Attached files

Key dates

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

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
2020‑7‑Tax Acquired Property

Budget estimate

$5,000 – $20,000

Because this is a property purchase rather than a service contract, the “earnings” would stem from any resale or development profit the buyer realizes. Assuming the winning bid is near the minimum $5,100 purchase price and the buyer adds modest improvements or resells at market value, a conservative profit range could be $5,000–$20,000. This estimate factors in acquisition cost, potential holding costs, and modest appreciation or renovation gains.

AI estimate from the solicitation

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