Active

725 Jerusalem Rd

Scotch Plains Twp NJ, 07076

$5,500,000


$109.79 per sqft

Active

1.15 Acres

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.

3841682

MLS ID

February 15, 2024

Updated

Map

725 Jerusalem Rd
Scotch Plains Twp NJ, 07076

Exterior/Building Features

Lot Size

1.15 Acres

Other Property Details

Taxes

$20,223


Tax Frequency

Annually


Days on Market

13


Garage

No


View

No


County

Union


Pool

No


Zoning

Light Industrial, Residential Condominium/Townhouse, See Remarks

Courtesy of SIGNATURE REALTY NJ with NATALIE ANN GALLERANO,
Listing Contact: 9732346552 

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