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Block 110 Lot 3 Bridgeton Pike - Bridgeton Pike 4.35 Acres

4.35 Acres of Residential Land Offered at $950,000 in Mantua, NJ 08051

Investment Highlights

  • Heavy main road traffic
  • Residential and Commercial area

Executive Summary

The property is located on north side of Route 45, between Brittany and Washington Avenues with 322 ft of frontage. It is situated directly across the street from a large strip mall containing a Planet Fitness, Wine Warehouse, Public Storage, and a Dollar General. Two separate reports (An Appraisal/Summary Report and a Feasibility Report) suggest, while currently zoned Residential, that Commercial is the highest and best use for the property. Both reports contend that there is real potential to achieve a commercial variance based on the mix of properties/uses in immediate area and based on other successful variances that have been granted. While there is a significant footprint of wetlands on the property, it is estimated that a movement of wetlands within the property is viable and would leave buildable land along Route 45. Both the Appraisal/Summary Report from 2007 and the Feasibility Report are available upon request.
Do not walk property without permission and direction from seller.

Property Facts

Price $950,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 4.35 AC
Cross Streets Brittany

1 Lot Available

Lot 110

Price $950,000
Price Per AC $218,391
Lot Size 4.35 AC

Vacant Land located among a mix of commercial and residential properties. R11 (Residential Zone), but commercial variance seems achievable. 322 ft of frontage along Route 45. An Appraisal and a Feasibility Report are available upon request.

Description

Vacant land.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-00110-0000-00003
Land Assessment
$56,400
Improvements Assessment
$0
Total Assessment
$56,400

zoning

Zoning Code RES (R11. Located among a mix of different zones. Commercial variance seems reasonable and achievable.)
RES (R11. Located among a mix of different zones. Commercial variance seems reasonable and achievable.)
  • Listing ID: 33933165

  • Date on Market: 8/26/2024

  • Last Updated:

  • Address: Block 110 Lot 3 Bridgeton Pike, Mantua, NJ 08051

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