Cookeville Civicplus #107

Sealed-bid sale of surplus West Stevens Street land

The City of Cookeville is soliciting sealed bids for the sale of one surplus commercial-zoned parcel on West Stevens Street. - Government buyer: City of Cookeville, Cookeville, Putnam County, Tennessee; no sub-agency or office is identified. - Property offered: One parcel, approximately 0.48 acres (20,810 square feet), identified as Parcel 20.02 on Tax Map 53I, Group D. - Zoning and use: CG, General Commercial. Residential use and/or parking is restricted for 20 years. Permitted residential uses in the district include townhomes, multifamily housing, and condominiums, at a density of 2,500 square feet per unit or 17 units per acre. - Bid requirements: Minimum bid of $125,000 and a deposit equal to 10% of the bid. The sale is subject to City Council approval. - OEMs and vendors: None are named; this opportunity is a real estate sale, not a purchase of products or services.

Description

The City of Cookeville is soliciting sealed bids for the sale of approximately 0.48 acres of surplus property on West Stevens Street, identified as Parcel 20.02 on Tax Map 53I, Group D. The property is zoned CG, General Commercial, with residential use and/or parking restricted for 20 years; permitted residential uses include townhomes, multifamily housing, and condos at the stated density. The minimum bid is $125,000, and each submission must include a deposit equal to 10% of the bid. The sale is subject to City Council approval, and bids must be marked “SEALED BID, WEST STEVENS STREET LOT.”

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