Sale of Property
Title:  

Sale of Property

Agency:  

Massachusetts City of Lowell

State:  

Massachusetts

NAICS Code:  

531120

Industry:  

Real Estate

Solicitation Type:  

Invitation for Bid

Solicitation ID:  

BD-20-1151-PCH01-PCH01-116967

Open Date:  

5/28/2025

Pre-Bid Meeting Date:  

5/20/2025

Site Visit Date:  

5/20/2025

Close Date:  

6/30/2025

Last Updated:  

6/9/2025

Description:
The City of Lowell is soliciting sealed proposals for the sale and disposition of a property located at 412 Merrimack Street, known as the Smith Baker Center. The property contains 12,458 +/- sq ft of land area improved by a 3-story brick and masonry building with approximately 23,530 gross +/- square feet. • The site inspection is scheduled for May 20, 2025, at 9:00 AM. • The bid opening date is June 30, 2025, at 11:00 AM. • The purchaser is P. Michael Vaughn, and the organization is the City of Lowell. • The department is PCH01 - Purchasing, and the location is PCH01 - Purchasing. • The fiscal year is 20, and the type code is not specified. • The required quote attachments are not mentioned. • The item information includes the UNSPSC code 80-13-16, which is for the sale of property and building.
Attached Files:

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

Contact Information:

P. Michael Vaughn(Purchaser)

pmvaughn@lowellma.gov

(978) 970-4110

Budget Estimate (AI):

$1,000,000 – $5,000,000

The budget for this opportunity is difficult to estimate, as the bid is for the sale of a property. However, based on the size and location of the property, the budget could range from $1 million to $5 million, depending on the market value of the property and the bids received. Factors that may influence the likely payment range include the condition and age of the building, the demand for commercial properties in the area, and the overall state of the real estate market.

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