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PURCHASE AND DEVELOPMENT OF 147 MILL RIDGE ROAD
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Title:  

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

Open Date:  

12/16/2025

Questions Due Date:  

1/9/2026

Close Date:  

1/16/2026

Project Duration:  

24-36 months

Last Updated:  

Description:
The City of Lynchburg is seeking proposals for the purchase and development of 147 Mill Ridge Road. The property is a 5-acre site with a 42,550 SF building, zoned I-2C (Light Industrial, Conditional). The City is looking for a developer to purchase and redevelop the site for industrial, office, manufacturing, research and development, or workforce training uses. The proposal should include a conceptual development narrative, project timeline, qualifications, and financial capacity. The City will evaluate proposals based on factors such as project use and compatibility, capital investment, job creation, and project readiness. • The property is being sold as-is, and the City may assist with rezoning or permitting processes. • The developer will be responsible for all aspects of the project, including pre-development planning, design, and financing. • The project should create quality jobs and have a meaningful economic impact. • The developer should have experience with successful redevelopment projects. • The proposal should include a detailed schedule, budget, and financing plan.
Attached Files:

Please visit the bid source via the “Link to Bid Source” button below for documentation.

Contact Information:

Stephanie Suter(Procurement Contact)

stephanie.suter@lynchburgva.gov

(434) 455-3963

Budget Estimate (AI):

$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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