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- LoopNet Team
48 Orlando Dr
Raritan, NJ 08869
Land For Sale · 2.21 AC
Investment Highlights
- Approvals - The conceptual site and zoning approvals for 70 multifamily units (10% COAH) within 96,446 square feet that is spread out over four floors
- Accessibility - Major roadway hub providing direct access to Route 22, Route 28, Route 202, and Route 287 within just two miles f rom the site
- Train - Only three blocks f rom the Raritan Train station which provides direct access to New York Penn Station with stops along the way
- Affluent Market - An educated workforce consisting of 69.5% of the population with some college education with a five-mile population of 117,794
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 2.21 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 2.21 AC |
Description
Marcus & Millichap is pleased to exclusively offer for sale 48 Orlando Drive in Raritan, Somerset County, New Jersey which sits on roughly 2.215 acres of flat land with two existing structures. This multifamily development site provides the right developer the ability to finalize the design for 70 units with scenic views of the Raritan River and Duke Farms Meditation Garden. Residents will enjoy the covered parking and an amenity rich package designed to meet the future tenant demands for convenience and accessibility. Strategically located within walking distance to the Raritan Train Station which provides direct connectivity to New York City.
PROPERTY TAXES
| Parcel Number | 16-00116-0000-00013 | Improvements Assessment | $0 |
| Land Assessment | $300,800 | Total Assessment | $300,800 |
PROPERTY TAXES
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