Sale of Real Property: 151 Eayrestown Road (Block 2201, Lot 6.03) by Sealed Bid

The Township of Southampton, located in Burlington County, New Jersey, is inviting sealed bids for the sale of a specific real property identified as Block 2201, Lot 6.03, commonly known as 151 Eayrestown Road. This 10.54 +/- acre parcel, zoned for Industrial (I) use, is being offered to the public as property no longer needed for public use, pursuant to N.J.S.A. 40A:12-13. The land was acquired by the Township via an In Rem Tax Foreclosure and is now being sold to return it to productive private ownership, thus enhancing the Township's tax base and economic development. The comprehensive scope of this opportunity involves the outright purchase of the land, with the successful bidder acquiring title by fee simple deed, assuming all responsibilities for future property taxes and development in compliance with local ordinances. Prospective bidders are required to meet specific financial and due diligence criteria for this property acquisition. A minimum bid price of $170,000.00 has been established to ensure adequate consideration for the Township. Each bid submission must include a deposit equivalent to ten percent (10%) of the total bid amount or $20,000.00, whichever is less. This deposit is mandated to be in the form of cash, a certified check, or a bank treasurer's check, with checks preferred. It is crucial to note that this deposit becomes non-refundable upon the Township Committee's acceptance of the successful bid. Furthermore, all bidders are solely responsible for conducting their own due diligence, including verifying the presence of wetlands and buffer areas on the property prior to any development, and ensuring that any proposed use adheres strictly to all applicable Township land use ordinances. The property is explicitly offered "AS IS, WHERE IS," with no representations or warranties from the Township regarding its condition or suitability for any particular purpose. Detailed instructions for bid submission specify that sealed bids will be formally received and publicly opened at the Southampton Township Municipal Clerk's Office, situated at 5 Retreat Road, Southampton, New Jersey. The precise deadline for bid submission and opening is June 11, 2026, at 10:00 A.M. Bidders may submit their sealed bids in advance or appear at the appointed time and place. While no traditional bid security or performance bonds are required in the context of a property sale, the mandatory deposit serves as a commitment. The sale is contingent upon final approval by the Township Committee, who will review bids within forty-five (45) days of the bid opening and retain the absolute right to reject any and all bids as permitted by law. The successful bidder will be expected to complete the closing of title within forty-five (45) days following the execution of the contract. For any inquiries regarding the bid submission process or general information, the Municipal Clerk's Office serves as the primary contact point.