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
Taxes
Visits
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