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CPPJ Purchasing - Commodities / Services·Louisiana

Sale of the Property and Improvements Located at 201 Edgar Street, Sulphur, Louisiana

Closes 8/11/2026$50k – $200kInvitation for BidLogin required
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Description

This solicitation is for the sale of a surplus parcel of land and a former health‑unit building located at 201 Edgar Street in Sulphur, Louisiana. The property consists of approximately 30,000 sq ft of land (0.69 acre) and a 5,500 sq ft brick building constructed in the 1950s, sold “as‑is” to the highest responsible bidder. The minimum acceptable bid is $266,000, with a required $20,000 bid bond. Bids must be submitted by August 11, 2026, and the award decision will be made within 45 days after the bid opening. The buyer assumes all risks, including any needed rezoning or redevelopment, and must close within 60 days of award. • Minimum bid: $266,000 (set by formal appraisal) • Required bid bond: $20,000 (certified check, cashier’s check, or approved bid‑bond form) • Property includes 0.69 acre lot and 5,500‑sq‑ft building; sold “as‑is” with no warranties • Deadline for bid submission: August 11, 2026, 2:00 PM CT; award expected by late September 2026 • Contact: Purchasing Agent Kristie Cumberland (email & phone provided)

Attached files

Contact

Kristie Cumberland(Purchasing Agent)

[email protected]

(337) 721-4151

Key dates

Opened
4/1/2026
Closes
8/11/2026

Last updated

Details

Type
Invitation for Bid
Industry
Real Estate
NAICS
531312
Solicitation №
DB-2026-ADM-113

Budget estimate

$50,000 – $200,000

The buyer will need to invest the minimum purchase price of $266,000 plus the $20,000 bid bond (refundable if not awarded). Assuming the buyer plans to redevelop or resell the property, typical profit margins for similar surplus‑property deals range from 15 % to 30 % of the acquisition cost. That translates to a potential profit of roughly $40,000 – $80,000. If the buyer holds the land for longer-term appreciation or undertakes a higher‑value redevelopment, profit could be higher, potentially up to $150,000‑$200,000. Therefore, the estimated earnings (profit) lie between $50,000 and $200,000, depending on development strategy, market conditions, and financing costs.

AI estimate from the solicitation

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