Fully Approved Development for 29 Condos
Address: 68 Ridgedale Ave, Morristown, NJ 070960
Listing Price: $3,749,000
Exclusively listed by Michelle Pais Group – Signature Realty NJ. Please call 908-868-2178 for showing instructions.
Calling all savvy builders and developers! Lucrative opportunity to build in the hot hot hot Morristown! A shovel-ready turn key development opportunity for 29 condos with 52 parking spots $2 mm profit! In the heart of one of NJ’s most established and sought-after neighborhoods. With building permits approved & ready! As-is appraisal came in at $4,225,000 by Otteau appraisers and gross sell-out of units at $13.4 mm. An appraisal is available upon request. It’s not every day you come across a true turn-key opportunity like this with over $2 mm in potential profit. All documents are available. Building permits are ready in the city of Morristown, the environment is all clean. Turn Key ready to go! Won’t Last Long! All units with descriptions are available including plans, site plans, etc.
All documents are available! Turn key
