***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


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Listing Courtesy of SIGNATURE REALTY NJ

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