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  5. ›08/08/2024 - RIVERTON CITY INVITATION TO BID#CC24-441

Riverton City·Utah

08/08/2024 - RIVERTON CITY INVITATION TO BID#CC24-441

Closes 8/8/2024$500k – $5MInvitation for Bid
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Description

This solicitation announces a reverse‑bid sale of a surplus parcel of land (4123 West 12600 South, “Mascaro”) owned by the City of Riverton, Utah. The property will be sold to the highest monetary bidder, with a 5 % evaluation preference awarded to any bidder that can also acquire the adjacent 2 ¼‑acre parcel to the east, effectively giving those bidders a modest advantage. Bids are sealed and must be submitted by 2:00 p.m. on August 8, 2024, either in person at the purchasing office or electronically via email. Successful bidders will own the real‑estate; there is no construction, service, or product component attached to the award. • Sale of surplus land – no goods or services, just real‑estate acquisition. • Highest‑bidder wins; 5 % bundling preference for buyers who also take the neighboring 2 ¼‑acre parcel. • Submission options: in‑person at 12830 South 1700 West, Riverton, UT 84065 or email to [email protected]. • Bid opening will occur shortly after the deadline; attendance via Zoom can be requested.

Attached files

Contact

[email protected]

Key dates

Opened
7/23/2024
Closes
8/8/2024

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531210
Solicitation №
CC24-441

Budget estimate

$500,000 – $5,000,000

No purchase price is disclosed, but surplus land parcels in the Riverton area typically range from $500 K to several million dollars depending on size, zoning, and market demand. Assuming a mid‑size parcel with development potential, a buyer could expect to spend roughly $0.5 M–$5 M. This estimate reflects the likely acquisition cost rather than a payment to the city (which would be the purchase price).

AI estimate from the solicitation

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