Sale of Surplus Property- Vacant Land

Pearland Independent School District is offering approximately 45.6 acres of surplus vacant land in Brazoria County, Texas, as a single‑transaction sale. Bidders must submit a competitive sealed bid (CSB) by 10:00 a.m. CST on October 28, 2026, accompanied by a $100,000 bid security deposit. The minimum acceptable purchase price is $8,250,000; bids below this will be rejected. The property is sold “AS IS, WHERE IS, WITH ALL FAULTS,” and the buyer assumes all due‑diligence costs, including surveys, environmental studies, and title work. Upon award, the buyer must provide $200,000 earnest money (including the $100,000 security) and a $25,000 option fee, with a 45‑day option period to terminate. The sale is subject to final approval by the Pearland ISD Board of Trustees. • 45.6 acres of undeveloped land located along FM 518 (E. Broadway St.) east of Pearland Parkway. • Single‑transaction requirement – all three parcels must be purchased together. • Minimum bid $8.25 M; no upper limit specified. • $100 K bid security required; $200 K earnest money plus $25 K option fee after award. • Buyer responsible for all due‑diligence, title, escrow, and closing costs. • Closing occurs after Board approval and escrow procedures.