Sale of Vacant Lot

This solicitation offers the sale of a roughly 1.5‑acre vacant parcel located at 855 Somerset Ave, Lakewood, NJ. The land is zoned R12 residential, contains Category One wetlands, and is being sold “AS‑IS, WHERE‑IS” with no warranties. Interested parties must submit a sealed bid by the public opening on 31 Mar 2026, provide a $20,000 security deposit, and be prepared to close within 60 days of award. The buyer assumes all due‑diligence, financing, permitting, and closing costs, while the Board delivers marketable fee‑simple title. Key requirements include a non‑collusion affidavit, corporate disclosures (stockholder, Iran, Russia/Belarus), and, if financing is needed, a mortgage pre‑approval valid for at least 90 days. • Minimum reserve price $110,000; highest responsive bid wins. • $20,000 security deposit required from every bidder; 5 % of purchase price due as initial deposit after award. • Pre‑bid inspection window 23‑27 Mar 2026 (by appointment). • Closing must occur within 60 days of award; buyer bears all closing costs and taxes.