Public Land Sale - Lincoln Avenue (Block 5501, Lot 21)

Buena Vista Township is actively soliciting bids for the public sale of a significant real property parcel, identified as Block 5501, Lot 21, situated on Lincoln Avenue. This substantial 17.13-acre vacant lot is strategically zoned for Residence/Agriculture (RA) with an Office Campus (OC) Overlay Zone, allowing for a broad spectrum of future development opportunities. The municipality intends to divest this property, which is no longer required for public use, to generate essential revenue, mitigate local taxes, and reduce existing municipal liabilities. Comprehensive details for this parcel include the absence of any existing structures, the presence of delineated wetlands (with a confirmed Letter of Interpretation from the New Jersey Department of Environmental Protection, NJDEP), and pre-approved allocations for sewer and water services from the Buena Borough Municipal Utilities Authority (BBMUA). Furthermore, the Township has secured a Phase 1 Environmental Study and a current survey, providing prospective developers with critical preliminary information. Prospective bidders are required to formally register to participate in the public auction. A minimum bid of $799,999.00 has been established for the property, although this amount will be subject to adjustment at the time of sale to account for additional costs, including advertising, legal fees, and deed preparation expenses. Bidders bear the explicit responsibility for conducting thorough due diligence, which encompasses a detailed examination of title conditions, environmental assessments, applicable zoning and development restrictions, and any other pertinent factors that could influence the land's future use or value. It is important to note that the Township provides no warranties regarding the land's condition and disclaims responsibility for any known or unknown environmental conditions, requiring successful bidders to fully release and indemnify the Township from such liabilities. The public auction is scheduled to take place on Tuesday, April 8, 2025, at 11:00 AM, at the Buena Vista Township Municipal Building, conveniently located at 890 Harding Highway, Buena, NJ 08310. A mandatory deposit of 10% of the minimum bid price is required from the successful bidder at the time of the public sale. This deposit must be made via certified bank check or ACH Wire, and submitted no later than one hour following the conclusion of the sale if paid by ACH Wire. The remaining balance, along with all associated costs of sale and legal expenses, must be fully remitted within 30 days from either the date of sale or the acceptance of the bid. The comprehensive Conditions of Sale document is accessible online at www.buenavistanj.com and can also be obtained in person from the Township Clerk's Office during standard business hours, Monday through Friday, from 9:00 AM to 4:30 PM. The Township explicitly reserves the right to accept or reject any and all bids received. For additional inquiries or detailed information, interested parties are encouraged to contact Lisa A. Tilton, Township Clerk/Registrar, at (856) 697-2100 or (609) 561-5650, extension 1, or via email at clerk@buenavistanj.com. UNLOCK