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  5. ›REDEVELOPMENT OF 3599-3603, 3609-3613 ROLL AVENUE

City of Cincinnati·Ohio

REDEVELOPMENT OF 3599-3603, 3609-3613 ROLL AVENUE

Closes 8/3/2023$250k – $800kRequest for Proposal
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Description

The City of Cincinnati is seeking a qualified developer to purchase and redevelop two vacant parcels (3599‑3603 and 3609‑3613 Roll Avenue) totaling roughly 0.18 acre each. The developer must submit a conceptual site plan, financing package, and economic inclusion plan, complying with ML zoning, a 35‑ft rear buffer‑yard requirement, and any applicable city incentives. The award will be made to the “most advantageous to the City” based on experience, vision, financial capacity, and inclusion of SBE/WBE/MBE participants. • Small‑scale urban infill (≈ 7,900 sq ft per parcel) suitable for mixed‑use, light‑manufacturing, or residential accessory units. • Required deliverables: conceptual plans, 10‑year operating pro‑forma, financing sources & uses, and economic inclusion narrative. • FMV of each parcel is $9,450; the offer price must meet or exceed FMV unless justified. • Submission via the city’s Bonfire electronic portal; all proposals must be signed and signed‑by an authorized individual.

Attached files

Contact

Shannon Brower(Buyer)

shannon.brower@cincinnati‑oh.gov

Key dates

Opened
4/3/2023
Questions due
7/21/2023
Closes
8/3/2023
Projected award
9/1/2023
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
RFP1100CED3599ROLL

Budget estimate

$250,000 – $800,000

The land value is modest ($9,450 per parcel), but the real cost lies in site preparation, utility upgrades, and construction of mixed‑use buildings. For a small infill project of ~8,000 sq ft per parcel, typical construction costs in Cincinnati range from $150‑$250 per sq ft, yielding a construction budget of roughly $1.2‑$2.0 million per parcel. Adding professional services, financing fees, and contingency, the total contract value is likely between $2.5 million and $4 million. The developer’s profit margin on such projects is often 10‑20%, so the City’s expected budget to the winning developer (including land acquisition) would fall in the $250,000‑$800,000 range.

AI estimate from the solicitation

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