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2701 NJ-27

1.5 Acres of Residential Land Offered at $1,559,217 CAD in Franklin Park, NJ 08823

Property Facts

Price $1,559,217 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.50 AC

1 Lot Available

Lot

Price $1,559,217 CAD
Price Per AC $1,039,478 CAD
Lot Size 1.50 AC

Description

Prime Development Site on Route 27 The property is ±1.5 Acre Lot on busy Route 27 located minutes from downtown New Brunswick, Rutgers University, RWJUH, St. Peters, Routes 1 & 18, and Princeton University. The zoning is Cluster Residential. The Following Are Permitted Uses: • Single Family Dwellings • Two-Family Dwellings • Garden Apartment Developments • Townhouse Developments •  Residential Cluster Developments • Community Residences (Conditionally Approved) • Churches and Other Similar Places of Worship (Conditionally Approved) Property Features: • Prime Location Near Finnegan’s Lane • Property is ±1.5 Acres • Lot Dimensions: 100’x655’ • Development on the Left Side of the Property could have North East Facing Doors • Garden Apartments or Townhouses Might be the highest and Best Use. • Existing Residence on Site Could be Rented for Income During the Development Process • Current Real Estate Taxes: $7,461 • Asking $1,100,000 ?Please call Broker for more information or to schedule to walk the property.

  • Listing ID: 31643637

  • Date on Market: 2024-04-29

  • Last Updated:

  • Address: 2701 NJ-27, Franklin Park, NJ 08823

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