Sale of Property 133 MLK Dr.

The Lakewood Board of Education is offering for public sale a 0.1701‑acre vacant lot located at 133 Martin Luther King Drive, Lakewood, NJ. The property is zoned RM (multi‑family residential) and includes a portable building; utilities are in place. Interested parties must submit a sealed bid with a $50,000 security deposit by the public bid opening on 27 Feb 2026, 10 a.m. The minimum purchase price is $1 million, and the successful bidder must provide a 5 % initial deposit and meet various title, mortgage, and closing requirements within 60 days of award. The sale is “as‑is, where‑is,” with the Board retaining risk of loss until closing. • Property: 0.17 acre vacant lot, partially improved, RM zoning. • Financials: Minimum $1 M purchase price, $50 K security deposit, 5 % initial deposit, plus buyer‑borne closing costs. • Timeline: Pre‑bid inspection 9‑13 Feb 2026; bid opening 27 Feb 2026; award by next Board meeting; closing within 60 days of award. • Mandatory documentation: Completed bid form, non‑collusion affidavit, various disclosures (stockholder, Iran, Russia/Belarus, political contributions), and security deposit.