TCS-005-042426 SALE OF PROPERTY – Request for Proposals Summary

This is a Request for Proposals (RFP) issued by the City of Torrington, Connecticut for the sale of excess real property. The property, located at 71 East Albert Street, Torrington, CT 06790, is 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 11:00 AM on Friday, April 24, 2026 to the Purchasing Department at 140 Main Street, Room 206. A non-mandatory property walkthrough is scheduled for Thursday, April 9, 2026 at 10:00 AM, with a deadline for written questions set for Thursday, April 16, 2026 at 12:00 noon. All proposals must remain binding for ninety (90) days from the opening date and cannot be withdrawn during this period. 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.

Proposals must include a letter of introduction, demonstration of proposed use compatibility with zoning regulations, an occupancy timeline, an offer of purchase price, evidence of financial capability, and a 5% proposal deposit in the form of a certified or cashier's check payable to the City of Torrington. The minimum acceptable bid is $150,000.00, representing the appraised value; 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. The property's assessed value is $302,680. No broker's fees or finder's fees will be paid by the City. The City of Torrington actively encourages minority-owned businesses (MBEs), women-owned businesses (WBEs), and small businesses (SBEs) to apply and is an Affirmative Action/Equal Opportunity Employer. The City reserves the right to reject any or all proposals, waive irregularities, request additional information, 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.