725-735 Jerusalem Rd

Scotch Plains Twp, 07076-2029

$5,500,000

$5,500,000
Active
Active
 - For Sale
property_type
Land
***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.
MLS® ID:
3823512
Updated:
2/8/23

Exterior/Building Features

Lot Size
2.58 acres lot

School Information

High School
SP Fanwood
Middle/Jr High
Nettingham
Elementary School
Evergreen

Other Property Details

Taxes
$20223
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Union
Pool
No
Zoning
M-1

 

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