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  5. ›2020 - 8 Tax Acquired Property - 20 Braden Street

City of Presque Isle·Maine

2020 - 8 Tax Acquired Property - 20 Braden Street

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

This solicitation is a municipal tax‑sale invitation for a single parcel of land (0.17 acre at 20 Braden Street, Presque Isle, ME). The City is seeking sealed bids to purchase the property, with a minimum bid of $5,300 and a required deposit of at least 10 % of the bid amount. The winning bidder must pay the full purchase price within 30 days of acceptance and will receive a Bill of Sale within 60 days after payment. The City provides no warranties, no title abstracts, and the buyer assumes all risk. • Minimum bid: $5,300; deposit ≥ 10 % of bid. • Bid deadline: June 30 2020, 12 noon (sealed bids to City Clerk’s Office). • Acceptance window: up to July 30 2020; payment due within 30 days of acceptance; title conveyed within 60 days of payment. • No warranties on title, condition, or suitability; buyer must conduct due‑diligence.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Key dates

Opened
7/7/2026
Closes
6/30/2020
Projected award
7/30/2020
Duration
90 days

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531110
Solicitation №
2020‑8‑Tax Acquired Property – 20 Braden Street

Budget estimate

$5,000 – $20,000

The only monetary figure disclosed is the minimum bid of $5,300. Assuming the buyer resells or develops the lot, potential profit could range from a modest markup (e.g., $5 k–$10 k) to a larger return if the land is suitable for development (e.g., up to $20 k). Thus, a reasonable earnings estimate for a client who purchases and flips the property would be between $5,000 and $20,000, depending on market conditions and intended use.

AI estimate from the solicitation

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