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Investment Highlights

  • Expansive land opportunity: 15.24-acre parcel offering significant development potential in a highly visible location along Route 27.
  • Zoning: CR (Cluster Residential), allowing for single-family homes, multi-family, or condo-style residential development.
  • Existing structures: Includes a barn and shed with sturdy foundations; offered strictly “as-is.”
  • Extensive frontage: Over 1,200 feet of direct frontage on Route 27 for maximum exposure.
  • Utilities: Public water and sewer available along Route 27; property currently serviced by well and septic (existing well pump replaced in 2007).
  • Grandfathered agricultural use: Potential for continued agricultural operations until redevelopment.

Executive Summary

The property consists of 16 acres of land with over 1,200 feet of frontage on Route 27. It is zoned for cluster residential (CR), allowing for single-family, multi-family, or condo-style homes. Public water and sewer services are available on Route 27. The property includes a barn and shed, both sold "as-is" with sturdy foundations, but no guarantees on their condition. The property currently uses well and septic systems, with the well pump replaced in 2007. Agricultural use is grandfathered. An above-ground oil tank is present, and the buyer is responsible for any roll back taxes.

Property Facts

Price $1,935,360 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
Total Lot Size 16.00 AC
Zoning CR - Cluster Residential

1 Lot Available

Lot

Price $1,935,360 CAD
Price Per AC $120,960.00 CAD
Lot Size 16.00 AC

16 acres of land directly on Route 27 with over 1,200 feet of frontage.

Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
  • Listing ID: 32936369

  • Date on Market: 2024-08-23

  • Last Updated:

  • Address: 3241 State Route 27, Franklin Park, NJ 08823

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