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  5. ›SB 1870 Land Sale Auction Alexander Street Park

BREC·Louisiana

SB 1870 Land Sale Auction Alexander Street Park

Closes 7/9/2026$100k – $500kInvitation for BidLogin required
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Description

This solicitation invites sealed bids for the sale of approximately 8.83 acres of vacant land fronting Alexander Avenue in Baton Rouge, identified as Lots 42 & 43, Monte Sano‑Highland Farms Subdivision. The parcel is currently zoned A‑2 (single‑family residential) with an extraordinary assumption that it can be rezoned for multifamily development. The minimum acceptable price is $550,000, and the winning bidder must execute a binding purchase agreement within 45 days of the bid opening. No performance bond is required, and the buyer assumes all development risk, including rezoning and any required site work. • 8.83 ± acres of vacant land (Lot 42 & 43) located at 6000 Alexander Ave, Baton Rouge, LA 70805. • Minimum bid: $550,000; sale will be awarded to the lowest responsible bid meeting the price floor. • Bid deadline: 2:00 pm CT, July 9 2026; bid opening and public read‑out immediately thereafter in Room 1515, BREC Administration Building. • Buyer must sign a purchase agreement within 45 days of opening; the sale includes fee‑simple title transfer.

Attached files

Contact

Dedra Fountain(Purchasing Department)

[email protected]

(225) 273-6421

Key dates

Opened
6/17/2026
Closes
7/9/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531120
Solicitation №
SB 1870

Budget estimate

$100,000 – $500,000

The contract amount is a fixed land purchase price of $550,000. Assuming a developer acquires the property and later resells or develops it, profit margins in similar multifamily projects typically range from 20% to 90% of the acquisition cost, depending on market conditions, rezoning success, and construction costs. Therefore, a reasonable earnings estimate for the client could be between $100,000 (conservative profit) and $500,000 (aggressive development return).

AI estimate from the solicitation

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