Property Sale & Development - 6 Gladstone Street / CM

The City of Worcester is selling a vacant 5,057‑sq‑ft parcel at 6 Gladstone Street to a private purchaser who must redevelop the site for a taxable use in accordance with ML‑2 zoning. The successful bidder must purchase the property “as‑is” for a minimum price of $50,000, remove all debris within 90 days, obtain all required permits, and commence construction within 30 days of receiving a building permit. No city funds will be provided; the buyer must demonstrate sufficient financial capacity and submit a Letter of Intent outlining the proposed reuse, economic impact, and funding sources. The award was made to 525 Southbridge LLC. • Property sale price: $50,000 minimum bid. • Buyer obligations include site cleanup, permit acquisition, and timely construction start. • Evaluation criteria focus on proposed reuse, job creation, financial capacity, and speed of conveyance.