PURCHASE AND DEVELOPMENT OF 147 MILL RIDGE ROAD
Agency:City of Lynchburg
State:Virginia
NAICS Code:531110
Industry:Real Estate
Solicitation Type:Request for Proposal
Solicitation ID:2026-047
12/16/2025
Questions Due Date:1/9/2026
Close Date:1/16/2026
Project Duration:24-36 months
Last Updated:Please visit the bid source via the “Link to Bid Source” button below for documentation.
Stephanie Suter(Procurement Contact)
stephanie.suter@lynchburgva.gov
(434) 455-3963
$2,000,000 – $5,000,000
The budget for this project can be estimated based on the property's assessed value, which is $2,586,200. The City may be looking for a developer to purchase the property and invest in its redevelopment, which could include construction costs, permitting fees, and other expenses. Assuming the developer will need to invest in construction and other costs, the total project cost could be in the range of $5 million to $10 million. The City may be looking for a purchase price that reflects the property's value, plus the cost of redevelopment. Therefore, the budget for this project could be in the range of $2 million to $5 million, depending on the purchase price and the cost of redevelopment.
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