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  5. ›RFP - Benjamin Barnes Property

City of Tuscaloosa Construction, Facilities & Grounds·Alabama

RFP - Benjamin Barnes Property

Closes 11/29/2024$150k – $2.5MRequest for Proposal
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Description

The City of Tuscaloosa is seeking proposals to acquire or lease two adjacent properties—the former Benjamin Barnes Branch YMCA (≈ 2.29 acres, ~12,000 sq ft building) and the Weaver Bolden Building (≈ 0.073 acres). The properties are to be used for community‑civic, charitable, or social‑service purposes, serving underserved West Tuscaloosa residents. The City will convey the properties “as‑is,” with the successful respondent responsible for all utilities, repairs, and maintenance. Proposals must be submitted electronically by the deadline, and the City may grant up to a 90‑day exclusive due‑diligence period followed by a 45‑day contract execution window. No set purchase price is disclosed; fair‑market value per HUD guidelines will be applied. • Properties: 2.29‑acre YMCA site plus adjacent 0.073‑acre building, both zoned R‑3. • Intended use: Community‑civic, charitable, or social‑service programs (e.g., education, health, economic development). • Process: Submit PDF proposal ≤ 6 pages; City may conduct due‑diligence (up to 90 days) and aims to sign lease/sale within 45 days of feasibility confirmation. • Financials: No fixed price; fair‑market valuation required; buyer assumes all post‑transfer costs. • Requirements: Confidential markings allowed; proposals become public records; public hearing required due to prior HUD funding.

Attached files

Contact

Eric Thompson(Contact Person)

[email protected]

Key dates

Opened
10/28/2024
Questions due
11/29/2024
Closes
11/29/2024

Last updated

Details

Type
Request for Proposal
Industry
Social Services
NAICS
531120
Solicitation №
OCA‑24‑0990

Budget estimate

$150,000 – $2,500,000

No explicit monetary amount is disclosed; however, based on Tuscaloosa market values (approximately $150‑$200 per sq ft for the 12,000‑sq ft building plus land value), the fair‑market sale price could range from about $1.8 million to $2.5 million. If the City opts for a lease instead, annual rent might be in the $120,000‑$200,000 range. Therefore, the prospective budget for the client could plausibly fall between $150,000 (annual lease revenue) and $2,500,000 (sale price). Factors influencing the range include property condition, required renovations, and negotiated lease terms.

AI estimate from the solicitation

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