The Sale of Real Property - CC Nursing Home

The Putnam County Board of County Commissioners is soliciting sealed bids for the sale of The Pavilion at Crescent Lake for Nursing and Rehabilitation, a 2.94-acre parcel at 100 N Lake Street, Crescent City, Florida (Parcel ID: 30-12-28-1750-0200-0010), with bids due July 22, 2026 and public opening on that date.

The County has set a minimum bid of $10 million. The property is currently subject to an existing lease with Cimerron Properties, Inc. extending through June 30, 2032, with the lessee holding renewal rights for up to two additional ten-year terms upon notice given between six and twelve months prior to lease expiration. The property will be conveyed "as is-where is" by County Deed within five business days of full payment. Any properties with potential or known code infractions must be brought into compliance within 90 days of deed delivery.

Each bidder must submit a sealed bid accompanied by an official bank check equal to 10 percent of the total bid amount; bids lacking this deposit will be deemed non-responsive. The remaining balance of the purchase price is due by September 25, 2026. Failure to pay forfeits the down payment. The Board reserves the right to accept or reject any and all bids and to waive any informalities. Award is contingent upon acceptance and approval by the Putnam County Board of County Commissioners, with the recommendation for award presentation scheduled for either July 28, 2026 or August 11, 2026.

Addenda 1 and 2 (posted June 10 and June 15, 2026) rescheduled the property walk-through from June 11 to June 18, 2026 at 2:00 p.m. and extended the original proposal deadline from July 15 to July 22, 2026. A bid tally posted July 22, 2026 shows The Pavilion at Crescent Lake Property, LLC submitted a bid of $3.2 million, which falls substantially below the minimum and does not meet the threshold requirement.