AVENEL St

0.69 Acres of Commercial Land Offered at $1,195,000 in Avenel, NJ 07001

INVESTMENT HIGHLIGHTS

  • Proposed ±7,000-8,000 SF strip plaza
  • Off er can be accepted contingent upon approvals
  • Conditional uses include church, religious uses and cultural centers
  • Buyer currently seeking all approvals and reports
  • B-3 zoning includes general retail sales, bakery, barber, offi ce,restaurant, liquor store, auto supply, grocery store, medical and others
  • Property taxes $8,183 (2024)

EXECUTIVE SUMMARY

Owner Is looking to have fully approved plans to build a 7,000-8,000 sq. ft. retail centers on the property. The owner is willing to go under contract and continue towards approvals while a buyer has a contingency on the approvals being fully approved and permitted.
Option A: Purchase now while in the process of getting approvals $1,195,000
Option B: Purchase after fully approved $1,350,000

PROPERTY FACTS

Price $1,195,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units
Total Lot Size 0.69 AC

1 LOT AVAILABLE

Lot

Price $1,195,000
Price Per AC $1,734,397.68
Lot Size 0.69 AC

PROPERTY TAXES

ZONING

Zoning Code B-3
  • Listing ID: 32579821

  • Date on Market: 7/25/2024

  • Last Updated:

  • Address: AVENEL St, Avenel, NJ 07001