Description
This solicitation offers the public sale of two former school properties in Lakewood Township, NJ: the Ella G. Clarke School (≈ 77,591 sf on ~11.6 acres) and the Lakewood Early Childhood Center (≈ 3,263 sf on ~4.6 acres). Both parcels will be sold “as‑is, where‑is” with no inspection contingencies, and the buyer assumes all risk and responsibility for any future development, demolition, or reuse. The sale is governed by New Jersey statutes requiring a $100,000 security deposit per property, a 5 % good‑faith deposit, and a closing within 60 days of award. The Board will accept the highest responsible bid meeting the statutory minimums of $37.5 M for Clarke and $15 M for LECC.
• Properties: two former school sites suitable for residential subdivision or other redevelopment (zoned R‑12).
• Financials: minimum bids $37.5 M and $15 M; required $100 k security deposits and 5 % escrow deposit; closing within 60 days.
• Process: pre‑bid inspections Jan 26‑30 2026; bids due Feb 12 2026 10 a.m.; board decision by the second regular meeting after opening; escrow and title procedures outlined.
• Compliance: extensive disclosures (non‑collusion, stockholder, Iran, Russia/Belarus, political contributions) and strict award/closing timelines.
• Opportunity fit: ideal for developers, real‑estate investors, or entities capable of rapid acquisition, financing, and subsequent site preparation or construction.