Block 110 Lot 3 Bridgeton Pike - Bridgeton Pike 4.35 Acres
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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.
Do not walk property without permission and direction from seller.
Property Facts
Price | $950,000 | Property Subtype | Residential |
Sale Type | Investment or Owner User | Total Lot Size | 4.35 AC |
No. Lots | 1 | Cross Streets | Brittany |
Property Type | Land |
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 | Lot Size | 4.35 AC |
Price Per AC | $218,391 |
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.
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PROPERTY TAXES
Parcel Number | 10-00110-0000-00003 | Improvements Assessment | $0 |
Land Assessment | $56,400 | Total Assessment | $56,400 |
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.) |
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Block 110 Lot 3 Bridgeton Pike - Bridgeton Pike 4.35 Acres
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