This rare four-parcel, .262-acre assemblage at the corner of Oxford and Cedar Street offers a unique opportunity in Portland's rapidly evolving Bayside district. The site currently includes existing residential structures and surface parking, providing immediate utility and flexibility while a buyer evaluates long-term plans. Surrounded by ongoing investment and redevelopment throughout Bayside, the property sits in an area well positioned for future growth. With its scale, configuration, and walkable downtown location, the highest and best use of this assemblage is a mixed-use or commercial development, subject to buyer due diligence and city approvals. The parcels offer strong potential for increased density, modern infill construction, and a project that aligns with the neighborhood's continued transformation. This is an exceptional opportunity for developers or investors seeking a strategically located footprint in one of Portland's most active growth corridors.
| MLS # | 1660367 |
|---|---|
| Listing Type | For Sale |
| Style | Investment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1884 |
| Days On Site | 115 |
| Listing Provided By | Keller Williams Realty | Michael Hamilton |
| SQ Feet | 1,939 |
|---|---|
| Zoning | RN-4 |
| Acreage | 0.05 |
| Parking Features | Other Parking |
|---|
| Tax Annual Amount | 6142 |
|---|---|
| Tax Book Number | 40144 |
| Tax Year | 2024 |
| Tax Lot | C001 |
| Tax Map Number | 26 |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04101 |
| Area | Cumberland |
| Listing VS Median (in 04101) | |
Price: $750,000 low | high Med: $850,000 sqft: 1,939 low | high Med: 1,115 $ / sqft: $387 low | high Med: $762 On site: 115 low | high Med: 140 | |
| State | ME |
|---|---|
| County | Cumberland |
| City | Portland |
| Zip Code | 04101 |
| Area | Cumberland |
| Listing VS Median (in 04101) | |
Price: $750,000 low | high Med: $850,000 sqft: 1,939 low | high Med: 1,115 $ / sqft: $387 low | high Med: $762 On site: 115 low | high Med: 140 | |
![]() | $1,299,00058 Cumberland Avenue 5Portland, ME 04101 |