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  5. ›Sale of 23 Summer Street

Massachusetts City of Taunton·Massachusetts

Sale of 23 Summer Street

Closes 1/20/2027$300k – $1MInvitation for Bid
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Description

The City of Taunton is offering its parcel at 23 Summer Street for sale. Bidders must submit a sealed proposal that presents the highest price while also delivering a mixed‑use development plan that includes affordable‑housing components. The solicitation is conducted electronically through BidNetDirect, and all interested parties must register on the portal to access documents and receive addenda. The award will be made to the highest‑priced, responsive, and responsible proposer. • Property: 0.60 acre, assessed value $2.94 M, located at 23 Summer Street, Taunton, MA 02780. • Procurement method: Open electronic bid (E‑Bid); registration required at www.BidNetDirect.com. • Key deadlines: Documents available 10/28/2026 9 a.m.; sealed proposal due 2 p.m. on 20 Jan 2027. • Evaluation: Highest‑priced proposal that offers the best mixed‑use development with affordable‑housing components.

Attached files

Contact

Shab Khan(Director of Procurement)

[email protected]

(774) 406-5284

Key dates

Opened
10/28/2026
Closes
1/20/2027

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531390
Solicitation №
BD-27-1168-MAYOR-121-134593

Budget estimate

$300,000 – $1,000,000

The solicitation does not specify a procurement value; the parcel’s assessed value is $2.94 M, and the winning bid is expected to exceed this figure. Assuming a purchase price between $3 M and $5 M, a developer could anticipate profit margins of roughly 10‑30 % after construction, financing, and affordable‑housing requirements. This translates to an estimated net earnings range of $300 K to $1 M for the successful bidder.

AI estimate from the solicitation

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