At the May 13th Tallahassee City Commission meeting, elected officials will consider the sale of a city owned property near one of the busiest intersections in Tallahassee.
Tallahassee City Commissioners are being asked by city staff for approval to market a 3.46-acre parcel located at the intersection of Mahan Drive and Weems Road. The parcel is located next to Academy Sports.
The sale would take place through competitive bid solicitation.
The property was acquired by the City in July 2016 as part of an 11.99 acre purchase from Winslett Properties, Inc. for $3,450,000 plus closing costs. The property was purchased to facilitate the Weems Road Extension project which is expected to be completed by the end of this year.
The City has received inquiries from multiple parties interested in purchasing this parcel.
Based on city policy, surplus property shall be marketed for sale or disposition by competitive bid solicitation, or, if the City Commission or City Manager considers it to be in the best interest of the City, without competitive bid solicitation.
“Competitive Bidding” is defined in the policy as “receipt of written quotes from bidders with the object of obtaining the highest price for property, which is in the best interest of the City; also, the receipt of bids by auction.”
Based on the high level of interest in the property, city staff is recommending the use of a commercial real estate broker to assist with marketing and negotiating the potential sale of the property.
Any agreement, which may result from this solicitation, is subject to final approval by the Commission.