Unmissable Opportunity: Egg Harbor City Auctions Prime Lots This Week!

Egg Harbor City is buzzing with a unique opportunity for prospective homeowners and savvy investors alike! This week, the city is opening the doors to a special auction, offering three prime, city-owned lots that promise a fresh start and a chance to contribute to the community's vibrant future. Mark your calendars for Thursday, September 5, 2024, because these properties, acquired through tax foreclosure, are ready to find their new owners and be returned to the tax rolls.

First up is a significant commercial prospect located at 409 White Horse Pike (Block 1301, Lot 2).

This promising parcel, once home to a dilapidated hotel, is strategically positioned on a major thoroughfare, offering exceptional visibility and high traffic. Imagine the possibilities for a new business venture or a revitalized commercial hub! With a minimum bid set at $50,000, this lot represents a fantastic investment for those looking to tap into Egg Harbor City’s economic growth.

Next, we turn our attention to a valuable residential offering at 151-153 Philadelphia Avenue (Block 905, Lots 11 & 12).

This property, which previously housed a fire-damaged auto body shop, is now primed for residential redevelopment. It presents an incredible chance for someone to build their dream home or develop housing in a welcoming neighborhood. The minimum bid for this residential-zoned property is an attractive $10,000, making homeownership or development more accessible.

Finally, a truly budget-friendly opportunity awaits with the vacant lot at 206 Buffalo Avenue (Block 1007, Lot 10).

This clean slate, also zoned for residential use, is perfect for a first-time home builder, a small-scale developer, or someone simply looking for an affordable plot to call their own. Starting with an incredibly low minimum bid of just $5,000, this lot exemplifies the city’s commitment to making property ownership achievable for more residents.

The auction is scheduled to take place at 2 p.m.

on Thursday, September 5, 2024, at City Hall, located at 500 London Avenue. Potential bidders should come prepared: a 10% deposit of the winning bid is required on the day of the auction, with the remaining balance due within 30 days. It's important to note that all properties are being sold "as is," and the city reserves the right to reject any or all bids, ensuring a fair and transparent process.

These auctions are more than just sales; they are a crucial part of Egg Harbor City's ongoing efforts to revitalize properties, boost local commerce, and enhance the quality of life for its residents by bringing these valuable assets back onto the tax rolls. Don't miss your chance to be a part of this exciting transformation!