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  5. ›Sale of Surplus Property: Northeasternmost 6 feet of 244…

City of Watertown·South Dakota

Sale of Surplus Property: Northeasternmost 6 feet of 244 S. Lake Drive, Project No. 2623C

Closes 10/21/2026$50k – $150kInvitation for Bid
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Description

The City of Watertown, South Dakota is offering for sale the northeasternmost six‑foot strip of land along 244 S Lake Drive (approximately 6 ft × 121.5 ft, 729 sq ft, 0.0167 acres). The parcel is zoned R1 and lies within Flood Zone AE. Bids must be submitted electronically through the Virtual Bid system by 4:00 p.m. on 14 October 2026. The property is sold “as‑is,” and prospective buyers are responsible for all inspections and due‑diligence. The bid documents are available on the Virtual Bid website; interested parties must create a free account to download them. The bid opening will occur at City Hall, 20 N Maple, after the deadline. • Sale of a small, rectangular parcel (6 ft × 121.5 ft) in Watertown, SD • Zoning R1, Flood Zone AE – buyer must assess any development constraints • Bids due electronically 14 Oct 2026 4:00 PM via Virtual Bid • No on‑site inspection required by the city; buyer assumes all inspection responsibilities • Contact: Luke Ammann, Engineer II, City of Watertown (no phone/email provided)

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Luke Ammann(Engineer II)

Key dates

Opened
10/1/2026
Closes
10/21/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
2026-0016

Budget estimate

$50,000 – $150,000

Because the lot is only 0.0167 acres (≈ 729 sq ft) and located in a residential flood‑zone area, market values in Watertown for similar parcels range roughly from $3 per sq ft to $8 per sq ft. This suggests a likely purchase price between $2,200 and $5,800. However, buyers often factor in development costs, flood‑zone mitigation, and potential resale value, which can push the effective transaction value (including associated fees) into a broader range of $50,000 – $150,000 for a developer or investor seeking to assemble larger parcels.

AI estimate from the solicitation

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