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Investment Highlights

  • The site is close to major retail centers and bus routes.

Executive Summary

Residential Development opportunity located at South Broadway/Hook within Pennsville Township. The assemblage of lots (2) creates a prime parcel of land suitable for townhome development under the Township’s Court-approved and previously adopted inclusionary zoning plan. The site is close to major retail centers and bus routes. Previous conceptual plans envisioned the construction of approximately 152 townhomes. This 73.10-acre property includes 40.18 acres of upland (approximate), providing ample space for residential development. All numbers are subject to buyer due diligence and approvals, as the current plans are conceptual. Currently, the land is mostly clear and being farmed, which enhances its readiness for future development. Rollback taxes may apply due to its agricultural use. This site represents a valuable opportunity for developers looking to contribute to the housing needs of the area while benefiting from established zoning agreements.

Property Facts

Price $1,532,430 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Single Family Development
  • Single Family Residence
Total Lot Size 75.00 AC
Cross Streets Hook
Zoning R-1 - COAH Site

1 Lot Available

Lot

Price $1,532,430 CAD
Price Per AC $20,432.40 CAD
Lot Size 75.00 AC

Block 4401, Lot 16 and Block 4301 Lot 47

Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Property Taxes

Property Taxes

Parcel Number
09 04401-0000-00016-0000-QFARM
Land Assessment
$42,772 CAD
Improvements Assessment
$0 CAD
Total Assessment
$42,772 CAD
  • Listing ID: 33551241

  • Date on Market: 2024-10-17

  • Last Updated:

  • Address: Broadway Rd, Pennsville, NJ 08070

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