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  5. ›CWU RFP 26-006 Disposal/Sale of Undeveloped Property

Central Washington University·Washington

CWU RFP 26-006 Disposal/Sale of Undeveloped Property

Closes 7/10/2026$80k – $2MRequest for Proposal
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Description

Central Washington University is offering the sale of a roughly 3.6‑acre, undeveloped parcel of land (Tax Parcel #333634) located at the southwest corner of 18th Ave and D Street in Ellensburg, WA. The university seeks a qualified purchaser/developer who will acquire the property at or above its appraised fair‑market value of $525,000 and propose a development plan that supports CWU’s vision and mission, benefiting students and the local community. Proposals must include company background, financial capability, intended use, any contingencies, and an offer price. The contract will be executed via a Washington State Attorney‑General‑approved quit‑claim deed.

Attached files

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

Contact

Curtis Smithgall(Contracts Office)

[email protected]

(509) 963-2871

Key dates

Opened
6/1/2026
Closes
7/10/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP 26-006

Budget estimate

$80,000 – $2,000,000

The RFP does not specify a payment to the vendor; instead the university will receive the sale proceeds. For a developer, the “budget” would be the net profit earned from developing the land. Assuming a purchase price of $525,000 and typical development profit margins of 15‑40% on a mixed‑use project, the developer could expect a profit ranging from roughly $80,000 on a modest renovation to upwards of $2,000,000 on a large, high‑value campus‑adjacent complex. Factors influencing the estimate include the proposed use, financing structure, zoning changes, construction costs, and market demand.

AI estimate from the solicitation

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