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  5. ›Sale of Real Estate located at 348 Tolland Street, East…

Awarded contract·The Metropolitan District·Connecticut

Sale of Real Estate located at 348 Tolland Street, East Hartford, CT

$2MAwarded 10/7/2020Single Award
Contract source

Description

This solicitation is for the outright sale of a municipal parcel located at 348 Tolland Street in East Hartford, Connecticut. The Metropolitan District issued an Invitation to Bid (ITB #2020B-17) on May 21, 2020, with a due date of July 15, 2020. Prospective bidders were required to register on the eBid portal, attend one of two mandatory site visits (June 3 and June 8, 2020), and submit sealed bids by the deadline. The award was announced on October 7, 2020, but the winning vendor’s identity is not disclosed in the public record. Key points include: • Property sale of a single real‑estate parcel by a public utility agency. • Open competition with a clear bid timeline and site‑visit requirements. • No disclosed purchase price, vendor, or contract term in the publicly available data. • Contact for questions was Lisa Madison (email and phone provided).

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
7/15/2020
Intent to award
10/7/2020
Awarded
10/7/2020
Starts
10/7/2020

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531210
Solicitation №
2020B-17

Contract value

$2,000,000

No explicit sale price is listed. Based on comparable municipal property sales in the Hartford area, a single‑family parcel on Tolland Street in East Hartford (approximately 0.5‑1 acre, residential zoning) would likely command a market value between $1.5 million and $2.5 million. Considering the public‑sector nature and the need for a competitive bid, a mid‑range estimate of about $2 million is reasonable. This estimate assumes typical residential land values in the region (≈ $200‑$300 per square foot) and reflects the absence of any disclosed valuation in the documents.

AI estimate from the award documents

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