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  5. ›Notice of Invitation to Bid on City Owned Property: parcel 175-272

City of Jackson·Mississippi

Notice of Invitation to Bid on City Owned Property: parcel 175-272

Closes 8/26/2025$250k – $500kInvitation for Bid
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Description

The City of Jackson, Mississippi, is inviting bids for the purchase of City-owned property, parcel 175-272, located on Gum Street. The bidding will start at $250.00, and the City will retain all mineral rights. The bids must be submitted in a sealed envelope, and the outside of the envelope must be marked with the parcel number and the bidder's name. The bids will be opened on August 26, 2025, at 3:30 p.m. in the Council Chambers at City Hall. • The City reserves the right to reject any and all bids. • Preferential preference will be granted to equivalent high bidders who submitted an application to the Surplus Property Committee. • A re-bid process may be utilized to determine a winner if multiple equivalent high bidders persist after the Best and Final Offer (BAFO). • The City will retain all mineral rights and the right of ingress and egress to remove same from said property.

Attached files

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

Contact

Vic Sexton(Planning and Development (Real Estate Division))

[email protected]

(601) 960-1055

Key dates

Opened
8/7/2025
Closes
8/26/2025

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531120
Solicitation №
16165070

Budget estimate

$250,000 – $500,000

The budget for this opportunity is likely to be around $250.00, which is the starting bid for the City-owned property. However, the actual budget could be higher, depending on the number of bidders and the final bid amount. Since the property is being sold, the budget will be a one-time payment. A reasonable estimate for the budget range could be between $250,000 and $500,000, considering the property's value and the starting bid.

AI estimate from the solicitation

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