626 W. Main Street Development Opportunity

The City of Merced is selling a ~2,500 sf downtown parcel for $55,000 cash and seeks a developer to design and construct a mixed‑use commercial building that aligns with local zoning and the Arts & Culture District. The selected developer will enter into a Purchase & Sale Agreement (or Exclusive Negotiating Agreement) and must begin construction within 18 months of escrow close. Proposals must include detailed design concepts, financial capability, team qualifications, and a cash‑only purchase offer, submitted in five printed copies plus an electronic flash drive by the deadline. • Cash‑only acquisition of the property (appraised at $55 k). • Mandatory design and pro‑forma submission covering retail/office mix, site plan, and construction schedule. • Developer must demonstrate ability to fund purchase and subsequent construction; the City provides no financing. • Construction must start within 18 months after escrow; the City retains reverter rights. • Evaluation focuses on experience, design quality, financial capacity, and economic impact on downtown Merced.