Price$5,500,000
2.580
acres
725 Jerusalem Rd,
Scotch Plains Twp.,
New Jersey NJ07076-2029
***DEVELOPMENT OPPORTUNITY*** This beautiful 2.58 + acres of land located in the desirable town of Scotch Plains is approved for a development of 47 townhouse units. This project is a part of the towns affordable housing obligation. Out of the 47 units, a twenty percent (20%) inclusionary set aside was established to create nine (9) affordable units. The property offers a desirable location for future homeowners, with public transportation, shopping, and schools within easy driving distance. With the area's strong education system, bustling downtown, and convenient suburban atmosphere, these future new townhouses are sure to be well-received. This piece of land is an ideal development opportunity for builders.In addition, this property is zoned light industrial and provides a great opportunity for a contractor's yard. It offers a large and secure space with ample room to store a variety of machinery, tools, and materials. With direct access to major roads, the property is easily accessible for pickups and deliveries. Whatever your storage needs, this contractor's yard is the perfect choice for keeping your equipment safe and secure. Three (3) lots included. Lots 13, 16.02 and 14.01.
Primary Features
Zoning
M-1
Grade School
Evergreen
Middle/Jr. High School
Nettingham
High School
SP Fanwood
Currently Used For
Industrial
Development Status
Site Plan Approved
Number of Lots
3
Land Improvements
No Land Improvements, See Remarks, Utilities in Street
Buildings Included
Residence, See Remarks
Sewer Info
Public Sewer in Street
Water Info
Public Water in Street
External Features
Approximate Lot Size
2.58 + ACRE
Easement
No
Road Frontage Description
Town Street
Road Surface Description
Dirt Road
Location Information
Block Identifier
6201
County Number
29
Lot Identifier
16.02
Town Number
2916
Zoned Info
Light Industrial, Residential Condominium/Townhouse, See Remarks
Financial Details
Assessment Building
92900
Assessment Land
86300
Assessment Total
179200
Farm Assessment
No
Possession
Negotiable
Tax Amount
20223
Tax ID For Property
2916-06201-0000-00016-0002-
Tax Rate
11.285
Tax Rate Year
2022
Tax Year
2022
Additional
FHA Age Restricted
no
Survey
Yes
Area Info
Schedule a Showing - Listing ID 3823512
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For more immediate assistance, please call Realtor Nara at 3472794190.
Listing Courtesy of SIGNATURE REALTY NJ
Data services provided by IDX Broker

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