Address
725-735 Jerusalem Rd, Scotch Plains Twp., NJ
Price
$ 5,500,000
Property Attributes
  • MLS#3841682
  • TypeLand
  • CountyUNION
  • CityScotch Plains Twp.
  • AreaScotch Plains Twp.
  • Zip07076
  • Style
  • Taxes$ 20223
  • Price$ 5,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.15 Acres
Data Source:
Garden State MLS (GSMLS)
Property Description

***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.

Price History
5/3/2023 Listed $5,500,000

General Features

County Union
Development Status Site Plan Approved
Directions Follow GPS
Documents Available Aerial Photo(s), Cost Estimates, Site Plan, Survey Available, Wetlands Approval/Waiver
Easement No
Farm Assessment No
Number Of Lots 3
Possession Negotiable
Standard Status Active
Status Active
Street Name Jerusalem Rd
Survey Yes
Tax Annual Amount 20223
Tax Assessed Value 179200
Tax Lot 16.02
Tax Year 2022
Town # 2916
Township Scotch Plains Twp.
Zoned Info Light Industrial, Residential Condominium/Townhouse, See Remarks
Zoning M-1

Exterior Features

Buildings Included Residence, See Remarks
Land Improvements No Land Improvements, See Remarks, Utilities in Street
Lot Dimensions 1.150 ACRE
Lot Size Acres 1.15
Road Frontage Description Town Street
Road Surface Description Dirt Road
Sewer Info Public Sewer in Street
Water Info Public Water in Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 07076

Price
AVG $5.5M
$5.5M
Taxes
AVG $20,223
$20,223
Visits
AVG 736
735
Data Provided by Inside Real Estate®
Walkscore
AVG 29
29
Data Provided by Walkscore® not using MLS data