RFB 2025-080 Property Bid Sale, 3600 River Bend Lane, Waco, Texas

Closed State & local contract opportunity

Solicitation number
RFB2025-080
State
Texas
Responses due

Opportunity facts

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Opportunity details come from txsmartbuy.com. Updated .

About this opportunity

The City of Waco, Texas is soliciting bids for the sale of a city-owned residential property located at 3600 River Bend Lane through Request for Bid (RFB) 2025-080. The property encompasses approximately 5.485 acres and includes a house with 4 bedrooms, 2 flex rooms, 2 bathrooms, a two-car carport, and a sunroom with river views along the Brazos River. Bidders must submit either proof of cash funds or a loan pre-qualification letter from a financial institution, with a minimum bid requirement of $750,000. The bid submission deadline is February 6, 2026, at 2:00 P.M. CT, with a public bid opening via Zoom video conferencing at 2:01 P.M. CT on the same day. Potential bidders must submit all required forms, including Conflict of Interest Questionnaires, Business Identification Forms, and Litigation Disclosure statements. The City will accept questions about the bid until January 23, 2026, at 5:00 P.M. CT, with the City Council expected to make a final selection by February 20, 2026.

The property is being sold "as-is" with no guarantees regarding condition, utility availability, or code compliance, and the City will not provide title insurance, surveys, or brokerage fees. Bidders should note that the property is located in both 100-year and 500-year floodplain areas, requiring flood insurance. The successful highest bidder must execute the Purchase and Sale Agreement within 15 business days of bid acceptance and deposit earnest money (minimum 1% of sale price) within 5 business days of agreement execution. The City retains a 50% reservation of oil, gas, and other minerals, and bidders must waive protest rights regarding any municipal wastewater treatment plant on adjacent property. The current property is leased through July 1, 2026, with possession available on July 2, 2026. Closing must occur within 25 days of the effective date for cash purchases, with the City requiring 15 business days prior to closing to review documents. The total potential award value is $750,000 or higher, depending on the highest responsive bid received.

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