TCS-005-042426_Apr_20_26_solicitation_doc.pdf

This is a Request for Proposals (RFP) solicitation document issued by the City of Torrington, Connecticut for the sale of excess municipal real property located at 71 East Albert Street, Torrington, CT 06790. The property consists of a 0.53-acre parcel containing a single-story masonry and wood frame building constructed in 1920 with approximately 2,880 square feet of gross leasable area, plus detached utility buildings, formerly used as a community recreation center. Sealed proposals must be submitted by April 24, 2026 at 11:00 AM to the Purchasing Department at 140 Main Street, Room 206. A non-mandatory property walkthrough is scheduled for April 9, 2026 at 10:00 AM, and the deadline for written questions is April 16, 2026 at 12:00 noon. No faxed or emailed proposals will be accepted. The City Council anticipates execution of a Purchase and Sale Agreement by May 15, 2026 and title transfer by June 15, 2026, with closing required no later than sixty days after proposal acceptance.

The minimum acceptable bid is $150,000.00, representing half of the property's assessed value of $302,680, with the remainder of the purchase price due at closing. Proposers must submit a 5% proposal deposit in the form of a certified or cashier's check payable to the City of Torrington, along with a letter of introduction, demonstration of zoning compatibility, an occupancy timeline, evidence of financial capability, and proposed use documentation. The property will be conveyed by Quit Claim Deed on an "as-is, where-is" basis with no representation as to condition or environmental status. All proposals must remain binding for ninety days from the opening date and cannot be withdrawn during this period. The City of Torrington actively encourages minority-owned businesses (MBEs), women-owned businesses (WBEs), and small businesses (SBEs) to apply; however, successful bidders must not be on the City's blight list. No broker's or finder's fees will be paid by the City, which reserves the right to reject any or all proposals and select the proposal deemed in the public's best interest rather than necessarily the highest bid. Inquiries should be directed to Pennie Zucco at 860-489-2225 or pennie_zucco@torringtonct.org.