Real Property Sale: Lancaster Campus

Eastern Kentucky University is soliciting bids for the sale of a surplus real property located at 65 Public Square in Lancaster, Garrard County, Kentucky. The property is a single-story brick commercial building situated on a 0.16-acre lot in the historic Public Square, previously used as a classroom and office building for Dual Credit and Adult Education programs. The property underwent renovation in 2017 and has no limited zoning restrictions, making it suitable for various potential uses. The Invitation to Bid (ITB-452-2025) requires electronic submission through the JAGGAER E-Procurement system by July 24, 2025, at 2:00 PM EDT. A mandatory site visit is scheduled for July 2, 2025, from 10:00 AM to 11:30 AM, which will be the only opportunity for prospective bidders to view the property. Bidders must submit a single, non-conditional lump sum bid and provide a $1,000 certified check as a good faith deposit, along with proof of financial capability through a lending institution approval letter or verification of available funds. The university intends to accept the highest responsive and responsible cash offer that aligns with the property's market value.

The procurement is open to all interested parties without specific set-aside designations for disadvantaged enterprises. Bidders must submit a comprehensive proposal that demonstrates financial capability and willingness to purchase the property under the specified terms. The university will deliver a quitclaim deed at closing, with the option for a general warranty deed if the purchaser conducts a title examination and survey at their own expense. The successful bidder will be responsible for all taxes and fees after deed delivery, with the final closing required to occur within 30 to 45 days of bid acceptance. The property is being sold "as is," and Eastern Kentucky University reserves the right to reject any or all bids. While no specific incumbent vendor is mentioned, the university will work with the successful bidder to provide reasonable access for site planning and evaluation. No specific minimum or maximum award value is explicitly stated in the documentation, though the bid process suggests the university is seeking fair market value for the property.