Property Bid Sale, 3600 River Bend Lane, Waco, Texas

The City of Waco, located in McLennan County, Texas, is soliciting sealed bids (RFB 2025-080) for the sale of a city-owned residential property located at 3600 River Bend Lane. The procurement involves the sale of a residential house and approximately 5.485 acres of land situated along the Brazos River. Sealed bids must be submitted by February 6, 2026, at 2:00 PM Central Time to the City of Waco Operations Center, with a bid opening scheduled for 2:01 PM via Zoom video conferencing. The property is being sold on an as-is basis with no guarantees regarding condition, utilities, or suitability, and has a minimum bid price of $750,000. Bidders are required to submit either cash payment or provide a pre-qualification letter demonstrating proof of funds or loan pre-approval. All questions must be submitted by January 23, 2026, at 5:00 PM, and the City Council will consider responsive bids at the first feasible council meeting, with final selection expected by February 20, 2026.

The procurement does not specify specific set-aside designations or restrictions on responding organizations. The successful bidder must execute a Purchase and Sale Agreement within 15 business days of bid acceptance and deposit earnest money (minimum 1% of the sale price) within 5 business days of agreement execution. The property is currently leased through July 1, 2026, with possession available July 2, 2026, though closing and funding may occur earlier by mutual agreement. Bidders must complete multiple compliance forms, including a Conflict of Interest Questionnaire, Disclosure of Relationships with City Council/Officers, Litigation Disclosure, and acknowledgment of the Texas Public Information Act. The City will convey the property by Special Warranty Deed and will not provide or pay for title insurance, surveys, or brokerage fees. The property is located in a 100-year floodplain and has deed restrictions related to wastewater treatment protections, and the City reserves 50% of all oil, gas, and mineral rights. The potential award value is set at the minimum of $750,000, with the actual sale price to be determined by the highest responsive bid.