City Bid - Sale of Property at 13 Manhattan Street

The City of Stamford, Connecticut is seeking sealed competitive bids for the sale of real property located at 13 Manhattan Street, situated at the intersection of Atlantic and Dock Streets. The property spans approximately 2,176 square feet and is being offered through a competitive bidding process with a minimum bid threshold of $130,000. The bid solicitation (Number 2023.0112) is open to all vendors and requires interested parties to submit sealed bids by July 11, 2023, at 11:00 AM EDT. Prospective buyers must execute a purchase and sale agreement and provide a 20% deposit of the purchase price upon selection. The successful bidder will be required to complete the full transaction within 30 days of executing the Real Estate Sales Agreement, with the deposit being forfeited if the transaction is not completed within the specified timeframe. The sale is subject to final approval by three city governing bodies: the Stamford Planning Board, Board of Finance, and Board of Representatives.

The solicitation does not specify any set-aside designations or restrictions on potential bidders, indicating the opportunity is open to all interested parties, including individual investors, real estate companies, and development firms. No incumbent vendors or current contractors are mentioned in the documentation. The City of Stamford will not pay any broker's fees related to the transaction, and interested parties can contact Kristopher Bottoni at 203-977-4108 or kbottoni@stamfordct.gov for additional information. While the minimum bid is set at $130,000, the ultimate sale price could potentially exceed this threshold based on competitive bidding. The property's location at the intersection of Atlantic and Dock Streets suggests potential value for commercial or residential development, though specific zoning or land use details are not provided in the solicitation documents.