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446 Chris Gaupp Dr - Prime Development Site for Student Housing
3.5 Acres of Residential Land Offered at $850,000 in Galloway Township, NJ 08205
Investment Highlights
- Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus
- 196 beds would increase bed capacity on/near campus by 7.3% and increase total bed capacity on/near campus from 30.2% to 32.5% of total 8,569 students
- 1.7 miles from both north and south entrances/exits for the Garden State Parkway
- Current Township Administrative Approval offering numerous scenarios for the building footprint & site plan. The 2 dormitory buildings total 36,752 SF
- 1 mile from AtlantiCare Regional Medical Center Mainland Campus
- 0.3 miles from US Route 30 (White Horse Pike)
Property Facts
Price | $850,000 | Property Type | Land |
Sale Type | Investment | Property Subtype | Residential |
No. Lots | 1 | Total Lot Size | 3.50 AC |
Price | $850,000 |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 3.50 AC |
1 Lot Available
Lot Multiple
Price | $850,000 | Lot Size | 3.50 AC |
Price Per AC | $242,857.14 |
Price | $850,000 |
Price Per AC | $242,857.14 |
Lot Size | 3.50 AC |
Block 761 / Lots 4, 5, 9, 10, 11, 12 Block 765 / Lots 2, 3, 4
Description
Prime Development Site for Market Rate Student Housing in Galloway Township NJ 2.4 Miles from Stockton University’s Main Campus 1 mile from AtlantiCare Regional Medical Center Mainland Campus 1.7 miles from both north and south entrances/exits for the Garden State Parkway 0.3 miles from US Route 30 (White Horse Pike). Current Township Administrative Approval offering numerous scenarios for the building footprint and site plan. The following scenarios are examples and range from 120 to 196 beds. 196 beds would increase bed capacity on or near campus by 7.3% and increase total bed capacity on or near campus from 30.2% to 32.5% of total student enrollment of 8,569 students: 1) 196 beds with common bathrooms. Combination of 2 and 3 beds per dorm room. 2) 134 private dorm rooms each with private bath and living and laundry area. 3) 34- 4-bedroom suites with a total of 2 bathrooms per suite. Includes common living area laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave. 4) 30-4-bedroom suites with 4 private baths. Includes common living area, laundry area and common eating area with cabinets, counters, sink, refrigerator and microwave. Call for detailed Marketing Package which includes projected income, expenses and building costs.
PROPERTY TAXES
Parcel Number | 11-00761-0000-00004 | Improvements Assessment | $0 |
Land Assessment | $24,700 | Total Assessment | $24,700 |
PROPERTY TAXES
zoning
Zoning Code | PO |
PO |
Learn More About Investing in Land
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446 Chris Gaupp Dr - Prime Development Site for Student Housing
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