$5,500,000
●
Land -
Off Market
725 Jerusalem Rd
Scotch Plains Twp., NJ 07076
Studio
0 Bath
$27,006
Estimated Monthly
$0
HOA / Fees
About This Property
***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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$1,685
HOA Dues
-
Year Built
-
Last updated: 4 days ago (GSMLS #3841682)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
May 4, 2024 | No longer available | - | |
No longer available | |||
May 3, 2023 | No longer available | - | |
No longer available | |||
May 3, 2023 | Listed by SIGNATURE REALTY NJ | $5,500,000 | |
Listed by SIGNATURE REALTY NJ | |||
Jan 8, 2023 | Listed by SIGNATURE REALTY NJ | $5,500,000 | |
Listed by SIGNATURE REALTY NJ | |||
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***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…
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