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Public Land Sale: 17.13-Acre Parcel on Lincoln Avenue

BID #: N/A
ISSUED: 3/20/2025
DUE: 4/8/2025
VALUE: $799,999.00
80
Rating

Risk Rank

Red Risk

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Executive Summary

The Township of Buena Vista is conducting a public auction for the sale of a 17.13-acre parcel of real property, identified as Block 5501, Lot 21, situated on Lincoln Avenue. This vacant land, currently not required for public use, is zoned RA with an OC Overlay Zone. The objective of this land disposition is to generate municipal revenue, reduce taxes, and mitigate the Township's liabilities. The comprehensive scope of work involves the transfer of all township rights, title, and interest to the highest qualified bidder. Supporting documentation includes a New Jersey Department of Environmental Protection (NJDEP) Letter of Interpretation regarding wetlands, approval for sewer and water allotment from the Buena Borough Municipal Utilities Authority (BBMUA), a Phase 1 Environmental Study, and a recent property survey, providing potential bidders with critical site information. Prospective bidders are explicitly advised to perform thorough due diligence on all aspects of the property’s condition, including environmental factors, zoning and development restrictions, and title conditions, as the Township does not provide warranties or certify title. While no formal contractor qualifications or licenses are mandated for this land purchase, successful bidders must comply with all sale conditions. The property is noted to have no existing structures, therefore no pre-inspection arrangements for buildings are necessary. Conditions of Sale and other relevant documents are available for detailed review online at www.buenavistanj.com and at the Township Clerk’s Office, located at 890 Harding Highway, Buena, NJ 08310, during business hours (Monday-Friday, 9:00 AM - 4:30 PM). The public auction is scheduled for Tuesday, April 8, 2025, at 11:00 AM, to be held at the Buena Vista Township Municipal Building, 890 Harding Highway, Buena, NJ 08310. All bids must be presented orally at the auction, and bidders are required to register prior to the sale. A mandatory deposit of 10 percent of the minimum bid price ($799,999.00 for this property) is due immediately from the successful bidder via certified bank check or ACH Wire, with a one-hour grace period for ACH Wire payments following the sale. The remaining balance, along with all associated costs of sale and legal expenses, must be paid in full by certified bank check or ACH Wire within 30 days of the sale date or bid acceptance, whichever is later. For bidder registration and inquiries, the Township Clerk's Office can be reached at (856) 697-2100.

Detailed Risk Breakdown

local preference

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performance bond

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liquidated damages

Evidence Detected

1 CLAUSES FOUND
"...In the event that the successful bidder fails to close title, the bidder agrees to forfeit to the Township any and all monies deposited with the Township...."