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  5. ›DISPOSAL/SALE OF UNDEVELOPED PROPERTY

Central Washington University·Washington

DISPOSAL/SALE OF UNDEVELOPED PROPERTY

Closes 7/10/2026$500k – $1.5MRequest for ProposalLogin required
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Description

Central Washington University is offering to sell a 3.6‑acre parcel of undeveloped land in Ellensburg, WA. The buyer must purchase the property (appraised at $525,000) and develop it in a manner that supports CWU students and the surrounding community, consistent with the university’s Vision and Mission. The transaction will be executed via a Washington State Attorney General‑approved Real Estate Buy‑Sell Agreement (quit‑claim deed). Interested parties submit a single original or PDF proposal by the July 10, 2026 deadline, including background, financial capability, proposed use, and a price offer. CWU will evaluate proposals based on alignment with its mission, financial strength, and price.

Attached files

Contact

Curtis Smithgall

[email protected]

(509) 963-1001

Key dates

Opened
6/4/2026
Closes
7/10/2026

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210
Solicitation №
RFP 26-006

Budget estimate

$500,000 – $1,500,000

Because the solicitation does not stipulate a payment from the university to the buyer (the buyer pays the university), the “earnings” for a successful proposer would come from the subsequent development and resale or leasing of the land. Assuming the purchaser acquires the parcel at the appraised value ($525,000) and later develops a mixed‑use project that can be sold or leased for $1‑2 million, the net profit could range from roughly $500,000 to $1.5 million after construction costs, financing, and taxes. This estimate is highly dependent on market conditions, development scope, and financing structure.

AI estimate from the solicitation

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