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  5. ›258-66 and 278 Mohawk Land Sale

City of Cincinnati·Ohio

258-66 and 278 Mohawk Land Sale

Closes 9/26/2024$500k – $2MRequest for Proposal
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Description

The City of Cincinnati is offering the sale of six city‑owned parcels (258‑66 & 278 Mohawk Street) for mixed‑use residential redevelopment. Offerors must submit a comprehensive development vision that includes site design, community‑engagement strategy, financial planning, sustainability considerations, and any needed zoning amendments. The solicitation emphasizes alignment with city‑wide growth plans, inclusion of small‑ and minority‑owned businesses, and potential incentives such as CDBG gap financing, property‑tax abatements, and down‑payment assistance for future homeowners. • Land parcels total ~10,800 sq ft with FMV of $63,000; “as‑is” sale with no warranties. • Required deliverables: vision and design narrative, community‑engagement plan, financing and implementation schedule, and economic‑inclusion plan. • Evaluation criteria focus on vision (40 pts), experience (30 pts), financial capacity (20 pts), and inclusion (10 pts total). • Proposals must be submitted electronically via Bonfire by September 26, 2024, and include mandatory corporate information and affidavit forms.

Attached files

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

Contact

Shannon Brower(Buyer)

[email protected]

Key dates

Opened
6/11/2024
Questions due
7/5/2024
Closes
9/26/2024
Projected award
9/1/2024
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP061_2024

Budget estimate

$500,000 – $2,000,000

No direct contract payment is disclosed; the opportunity involves purchasing land for $63,000 and developing a mixed‑use residential project. Based on comparable urban infill developments in Cincinnati, a developer could expect gross development values ranging from $5 million to $15 million, with typical profit margins of 5‑15 %. This suggests a potential profit (earnings) between roughly $500,000 and $2,000,000 after construction costs and financing. The estimate assumes market‑rate rents/sales, standard construction costs, and utilization of available city incentives.

AI estimate from the solicitation

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