RFB 060524 Surplus Real Property Winchester SOB

The Commonwealth of Kentucky Finance and Administration Cabinet, Division of Real Properties, is conducting a sealed bid procurement for the sale of surplus real property located in Lincoln County. The property being offered is the Winchester State Office Building situated at 15 West Lexington Avenue, Winchester, Kentucky 40391, comprising approximately 0.1865 acres and 9,224 square feet of single-story building with basement space. This is a property disposition transaction with no specific goods or services deliverables; rather, the objective is to divest the state of this real estate asset through competitive sealed bidding. Prospective bidders were afforded a site visit opportunity on May 15, 2024, from 10:00 a.m. to 12:00 p.m., with written questions regarding the property due by May 16, 2024, at 2:00 p.m. to Luka Bowman at luka.bowman@ky.gov, with responses posted by May 22, 2024. Sealed bids must be received by June 5, 2024, at 11:00 a.m. Eastern Time at the Division of Real Properties, Bush Building, 3rd Floor, 403 Wapping Street, Frankfort, Kentucky, with public bid opening via in-person attendance or conference call access at 502-782-2663 or 502-564-9110 using code 42014. Each bid submission must be accompanied by a $5,000.00 good faith deposit in the form of a certified check, cashier's check, or money order payable to the Kentucky State Treasurer, and bidders must provide either an approval letter from a lending institution or verification of available funds demonstrating financial capacity to complete the purchase.

The procurement contains no set-aside designations or restrictions limiting bidder eligibility based on business classification, disadvantaged enterprise status, or organizational type. Amendment #1 to the RFB clarifies that appraised values will not be disclosed to bidders during the proposal process and establishes that there is no minimum bid requirement, meaning all bids are welcome regardless of amount. The property is being offered on an "as-is" basis with no guarantees or warranties, and the Commonwealth disclaims certification of square footage, condition of improvements, or acreage; successful bidders are responsible for property inspection prior to bid submission and for all taxes and deed recording fees due after deed delivery. The successful bidder's good faith deposit will be applied toward the purchase price, while unsuccessful bidders' deposits will be returned by mail following bid opening. Closing shall occur no later than forty-five days from the date of bid acceptance, subject to approval by the Secretary of the Finance and Administration Cabinet and the Governor. No specific award value or budget range is disclosed; however, the transaction is structured as an open sealed bid process with no pricing floors established.