JACKSON, NJ—Two real estate parcels totaling 355 acres in Ocean County, NJ's Jackson Township – fully approved for 902 age restricted homes -- are scheduled to be offered at auction on December 17th, 2014 by Madison Hawk, which specializes in Structured Accelerated Sales.
The land is located at the intersection of Veterans Boulevard and Perrineville Road and approved for site plans and the development of two-story, semi-detached active adult residential buildings with attached one-car garages.
The property will be sold absolute, regardless of price, says Jeffrey Hubbard, president of Madison Hawk, which will be managing and marketing the auction sale. The parcels will be sold subject to final approval from the United States Bankruptcy Court District of New Jersey.
The auction will take place at the offices of Wolf Samson, PC at One Boland Drive, West Orange, NJ 07052. Registration begins at 11:00 AM, with the auction commencing at 12:00 PM. Qualified bidders are required to bring a $400,000 certified check to the auction or have certified funds wired to escrowee prior to the auction. Site inspections are available by appointment.
“Land acquisition opportunities in New Jersey, particularly for large-scale development, are increasingly difficult to find,” says Hubbard. “This is an ideal situation for a local or national homebuilder seeking to buy property in New Jersey's 'Grey Belt' where adult homebuyers have traditionally migrated from the state's northern and central locals to enjoy a more activity-rich lifestyle. Purchasing premium developable land in a strengthening housing market at auction pricing will unquestionably yield a high return on investment.”
The property is located just off Interstate 95 and the Garden State Parkway and New Jersey Turnpike, providing easy access to major cultural, entertainment and business centers north and south. Six Flags Great Adventure is located just one mile away, while Patriot's Field Sports Complex and Ocean County Park are a short trip away. New York City is located approximately 60 miles away, while Philadelphia can be reached just 30 miles west and the famed beaches, boardwalks and attractions of the Jersey Shore are less than 30 minutes away.
A detailed Due Diligence Packet is required to bid and available at a cost of $40. For more information, please call 800-547-1045 or visit www.madisonhawk.com/auctions/jackson.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
