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  5. ›INV - 0130 - KCTCS/KYFC Surplus Property Sale- Mt. Sterling, KY

Kentucky Community & Technical College System·Kentucky

INV - 0130 - KCTCS/KYFC Surplus Property Sale- Mt. Sterling, KY

Closes 4/10/2026$250k – $1.2MInvitation for Bid
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Description

The Kentucky Community and Technical College System, on behalf of the Kentucky Fire Commission, is offering a single surplus‑property parcel (approximately 0.94 acres with a ~5,500 sq ft building) for sale “as‑is.” Interested parties must submit a sealed, notarized monetary bid electronically by the deadline; the highest acceptable bid at or above fair‑market value will be awarded. No financing is provided by the agency, and bidders must attach proof of funds or pre‑approval. A public bid opening will occur after the submission deadline, and the winning bidder will be notified the same day. The transaction is a straightforward real‑estate acquisition with no additional service or construction requirements. • 0.94‑acre parcel located at 3041 Owingsville Rd., Mt. Sterling, KY 40353, includes an existing building (~5,500 sf). • Bids must be submitted electronically via BidLocker, notarized, and include proof of financing; deadline 10 Apr 2026 4 PM ET. • Award notification on 13 Apr 2026; closing requires a lump‑sum payment at closing; property sold “as‑is” with no warranties.

Attached files

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

Contact

Derrick Hall(Site‑Visit Coordination)

[email protected]

(859) 608-4649

Key dates

Opened
3/26/2026
Closes
4/10/2026
Projected award
4/13/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
INV - 0130

Budget estimate

$250,000 – $1,200,000

Because the opportunity is a property acquisition rather than a service contract, earnings would come from the buyer’s ability to resell, develop, or lease the asset. Based on comparable sales for similar 0.94‑acre parcels with a 5,500 sf building in rural Kentucky, market values likely range from $300 k to $600 k. If the buyer adds modest improvements or repurposes the building, potential profit could rise to $800 k–$1.5 M. Therefore a reasonable budget (profit) estimate spans roughly $250 k on the low end to $1.2 M on the high end.

AI estimate from the solicitation

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