Absolute Auction of Former Bank Branch in Egg Harbor, NJ

158 Philadelphia Ave, Egg Harbor (Atlantic County) NJ 08215
Selling Onsite with Live & Webcast Bidding
Thursday, August 27th at 1:00PM ET
Inspection: Thursday, August 20th at 12 Noon - 2:00PM
Sale Manager: Robert Dann 888-299-1438, or rdann@maxspann.com

Property Description: Two story masonry former bank branch with 2,341± SF footprint and basement built in 1975. The site includes 3 drive-thru lanes on 2 tracts totaling 0.34± acres zoned RC with 100’ of Philadelphia Avenue frontage and 150’ of Arago Street frontage. There are 24 parking spaces; 2012 taxes were approximately $14,000.

A January 2013 ESA revealed no evidence of onsite RECs in connection with the Site, but since off site RECs were found, a March 27, 2013 Phase II ESA was commissioned and recommended no further assessment.

 

Terms: Bank Proof of Funds Required to Bid, 5% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, 1% Broker Co-Op, close in 45 days.

 

 

 

Julian E Howell, III
Auctions conducted in cooperation and conjunction with:
Max Spann Real Estate & Auction Company, NJ Auctioneer & Broker