GSA To Auction Two Properties In Coastal New Jersey
Investment/development opportunities available on former US Coast Guard properties
CAPE MAY, N.J. and BARNEGAT, N.J., June 30, 2015 /PRNewswire/ -- Opening on July 23, 2015, the United States General Services Administration (GSA) will kick-off online auctions to sell two former United States Coast Guard housing properties located in coastal New Jersey. Zoned for single family residential development, these properties are great investment and development opportunities.
One site is located at the corner of 6th Street and Bayview Avenue in the northern end of Long Beach Island, borough of Barnegat Light, in the shadow of historic Barnegat Lighthouse. This 2+/- acre Ocean County property is improved with two 4-plex family housing units and lies less than a mile from the Atlantic Ocean beachfront near a public boat ramp, boat rentals, tennis and basketball courts. The family oriented beach community of Barnegat Light is also home to one of New Jersey's leading commercial fishing ports.
The second sale site consists of 6+/- acres of land located at Harriett Lane, on the east side of Shore Road, in the quiet Palermo area of Upper Township. Improved with nine single family homes, three sheds, a playground area, shared septic system and private water filtration building, this Cape May property is situated in a largely rural area that is host to seasonal population increases due to its proximity to beaches, Pinelands' campgrounds, and the Garden State Parkway.
The start date for both online auctions is July 23, 2015 on RealEstateSales.gov. Bidder Registration and Bid Deposits are required. For property and sales information contact Sara Massarello (617-565-5700 or [email protected]). Helpful Resources: For additional auction information and to view the terms and conditions of sale found in the Invitation for Bids (IFB): visit RealEstateSales.gov or http://propertydisposal.gsa.gov/
SOURCE United States General Services Administration
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