Absolute Auction of Former Bank Branch in Beach Haven, NJ (Ocean Co.)

Absolute Auction of Former Bank Branch in Beach Haven, NJ (Ocean Co.)

Selling Absolute - No Minimums, No Reserves
Sold for $409,500

Sold for $409,500

Property# 101
401 N Bay Ave.
Beach Haven (Ocean County), NJ 08008

Selling Onsite with Live & Webcast Bidding
Tuesday, December 9th at 11:00AM ET

Inspection: Tuesday, November 25th and December 2nd from Noon - 2:00PM
Sale Manager: Robert Dann 888-299-1438, or rdann@maxspann.com
Property Description:
2,341±SF former bank building built ca. 1954 and converted from its former use as an automobile service station in 1983.  On 14,000±SF lot at NE corner of North Bay Avenue and 4th Street, 2 blocks from the beach.  Two curb cuts on 4th Street (140’ frontage) and one onto North Bay (100’ frontage).  Zoned BD Business District, no front or side setbacks, existing building encroaches into 25’ rear setback.  Lot is paved with no marked parking.
An 8/18/2011 Phase 1 indicated RECs on the site due mainly to its former use as a service station with associated USTs.  Remediation then took place, and a May 15th, 2014 Remedial Action Report documents all actions taken to remediate the RECs.  Environmental reports are available at our website.
Auction conducted in cooperation and conjunction with:
Max Spann Real Estate Auction Company, NJ Broker
Also Selling :
Property# 201
104 N. Upshaw Blvd.
Robstown (Nueces County), TX 78380
Selling Onsite with Live & Webcast Bidding
Thursday, December 11th at 11:00AM CT
Inspection: Monday, December 8th at Noon CT
Sale Manager: Hunter Schuehle (210) 414-2426, or hunterschuehle@yahoo.com

Property Description: 
Former bank building with 4,259±SF footprint on .95± acre lot with 369 feet of North Upshaw frontage (3 curb cuts), 111 feet of East Main frontage (2 curb cuts), and 111 feet of East Avenue A frontage. Includes 4 covered drive-thru lanes, 25 marked parking spaces, zoned B-3 Central Business.
An 8/15/2012 Phase 1 ESA revealed evidence of RECs in connection with the site due to historical automotive and industrial uses of the site. Remedial action was taken, including UST Case Closure as evidenced by a 5/19/14 by TCEQ, and although groundwater contaminants remain, the TCEQ determined in January 2014 that no further action is required since there appear to be no private drinking water wells affected. Environmental reports are available at our website.
NOTE: This branch is open through November 21st. Direct any questions to Auctioneer, NOT bank employees. 
Julian E Howell, TX AL# 14026
Terms: Bank Proof of Funds Required to Bid, 5% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit, close in 45 days.