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  5. ›Sale of Surplus Real Estate (49-51A Newbury Street) - RFP

City of Lawrence·Massachusetts

Sale of Surplus Real Estate (49-51A Newbury Street) - RFP

Closes 9/24/2026$800k – $1.5MRequest for Proposal
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Description

The City of Lawrence is offering a vacant commercial lot located at 49‑51A Newbury Street for sale through a sealed‑bid RFP process. The parcel comprises approximately 4,065 sq ft of land. Interested parties must obtain the RFP package beginning 24 August 2026 and submit sealed bids by 2:00 PM on 24 September 2026 at the City Clerk’s Office. All questions regarding the sale should be directed to the Office of Planning and Development. No site visits or mandatory pre‑bid meetings are indicated. The winning bidder will acquire ownership of the property; the city does not specify a minimum price or award date. • Property: vacant commercial lot, 4,065 sq ft, 49‑51A Newbury St., Lawrence, MA • Procurement method: sealed‑bid RFP (single‑use sale) • Timeline: RFP available 08/24/2026, bid deadline 09/24/2026 2 PM • Contact: Daniel McCarthy, Office of Planning and Development (email provided) • No site‑visit or pre‑bid meeting required • Award date not disclosed; sale proceeds upon acceptance of the winning bid.

Attached files

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

Contact

Daniel McCarthy(Office of Planning and Development)

[email protected]

Key dates

Opened
8/24/2026
Closes
9/24/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
531210
Solicitation №
514

Budget estimate

$800,000 – $1,500,000

Based on recent comparable sales of commercial parcels in Lawrence, MA, a 4,065 sq ft lot typically commands between $200 and $350 per square foot, depending on zoning, condition, and market demand. This suggests a likely sale price ranging from roughly $800,000 to $1,500,000. The final amount will depend on the winning bid, any required remediation, and potential development costs that the buyer may factor into their offer.

AI estimate from the solicitation

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