725-735 Jerusalem Rd, Scotch Plains Twp., NJ

$5,500,000

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1.15

Acres

About 725-735 Jerusalem Rd

***DEVELOPMENT OPPORTUNITY*** This beautiful 2.58 + acres of land located in the desirable town of Scotch Plains is approved for a development of 47 townhouse units. This project is a part of the towns affordable housing obligation. Out of the 47 units, a twenty percent (20%) inclusionary set aside was established to create nine (9) affordable units. The property offers a desirable location for future homeowners, with public transportation, shopping, and schools within easy driving distance. With the area's strong education system, bustling downtown, and convenient suburban atmosphere, these future new townhouses are sure to be well-received. This piece of land is an ideal development opportunity for builders.In addition, this property is zoned light industrial and provides a great opportunity for a contractor's yard. It offers a large and secure space with ample room to store a variety of machinery, tools, and materials. With direct access to major roads, the property is easily accessible for pickups and deliveries. Whatever your storage needs, this contractor's yard is the perfect choice for keeping your equipment safe and secure. Three (3) lots included. Lots 13, 16.02 and 14.01.

Features of 725-735 Jerusalem Rd

MLS® # 3841682
Price $5,500,000
Acres 1.15
Type Land
Status Active

Community Information

Address 725-735 Jerusalem Rd
City Scotch Plains Twp.
County Union
State NJ
Zip Code 07076

Additional Information

Date Listed May 3rd, 2023
Days on Market 347
Zoning M-1
HOA Fees 0.00

Listing Details

OfficeSIGNATURE REALTY NJ
Contact Info973-921-1111

Listing Map

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