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  5. ›Sale of 48 S Main Street

Massachusetts Town of Middleton·Massachusetts

Sale of 48 S Main Street

Closes in 5 days$200k – $500kRequest for Proposal
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Description

The Town of Middleton is selling a 1.2‑acre parcel at 48 South Main St that includes a historic three‑story, 10,300 sq ft former schoolhouse/Town Hall. The sale is “AS‑IS” and the buyer must assume all inspection, remediation, permitting, and development costs. The Town seeks a purchaser who will redevelop the site—preferably into up to six residential units that meet subsidized‑housing goals—while preserving the historic west‑facing façade and complying with parking‑easement requirements. The opportunity is suited to developers with experience in historic‑property rehabilitation, residential construction, and Massachusetts zoning/variance processes. • 1.2‑acre site with a 10,300 sq ft historic building; maximum six housing units allowed. • Mandatory site walk‑through Oct 26, 2026; pre‑proposal conference same day (mandatory). • Required submissions include extensive certifications, a 5 % cash deposit, a detailed best‑use narrative, and proof of financial capability. • Buyer must preserve the historic façade, provide public parking/easement, and obtain a residential‑use variance. • Timeline: questions due Oct 28, proposals due Nov 6, 2026; 120‑day price firmness period after opening.

Attached files

Contact

Justin Sultzbach(Town Administrator)

[email protected]

(978) 777-3617

Key dates

Opened
10/6/2026
Questions due
10/28/2026
Pre-bid meeting
10/26/2026Mandatory
Site visit
10/26/2026Mandatory
Closes
11/6/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236117
Solicitation №
BD-26-1297-TM100-TM100-134226

Budget estimate

$200,000 – $500,000

The purchase price for a 1.2‑acre historic parcel in a suburban Massachusetts town typically ranges from $2 million to $5 million. Consulting, design, permitting, and project‑management services for a six‑unit residential conversion with historic‑preservation requirements could reasonably command fees of 5‑10 % of the development cost. Assuming a mid‑range development budget of $4 million, the service fee would be roughly $200 k‑$400 k, with additional contingency possibly pushing the upper bound toward $500 k. Therefore a realistic earnings estimate for a qualified developer or consultant is **$200,000 – $500,000**.

AI estimate from the solicitation

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