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Update: Barnegat Site Is Sold At Auction

BARNEGAT, NJ-Two bidders competed to buy the large site previously used as a quarry that will require environmental clean-up.

By Antoinette Martin | Updated on January 04, 2013

BARNEGAT, NJ–The auction house Sheldon Good & Company has sold a 110-acre redevelopment site in Barnegat Township for $685,000 to an undisclosed buyer, GlobeSt.com has learned.

The auctioneer conducted a U.S. Bankruptcy Court bank-directed sale of the parcel, one of the last remaining large-scale sites near the Garden State Parkway zoned for residential development. The auction sale represents the first time the entire property – located at 1111 West Bay Avenue in Barnegat, New Jersey – has been offered for sale since it was formerly used by Shoreline Sand and Gravel for the extraction, processing, and distribution of construction materials.

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