Old Town Metro Bus Garage is up For Sale, $19,600,000 minimum bid!

600 N Royal Street is now up For Sale. The Old Town bus garage in the North end of Old Town is owned by WMATA (METRO). The property contains an entire city block located just two blocks from the Potomac River.

The long awaited offer for sale of this property is not just a straight sale. There is a bidding period and some guidelines to follow for redevelopment of the 2 acre site. The bidding is now open and closes July 17th 2015. On July 17th the top three bids will be selected and they will be asked to submit best and final offers. If you are looking to bid the minimum bid price will be $19,600,000... So you better come in higher. Here is the link for the invitation of bids, Invitation of Bids Packet. In this packet you will also find design guidelines for redevelopment and suggested use. This redevelopment will benefit the North end of Old Town if completed properly and to the standards outlined. Happy Bidding!

WMATA photo