This parcel is 1.59 acres and the approximate yield will be 60-70 apartments. The property sits right across the NJ Transit/PATCO Station (Port Authority Transit Corporation). Driving time to the station is 1 min and walking time is 4 min. This property is in the redevelopment zone with tax incentives.
Some of the possible and suitable uses include:
- Multi-story 55+ senior housing apartments
- Workforce housing
- Low/Mod apartments
The property is in close proximity to many schools, including Rowan University's School of Osteopathic Medicine. It is also near many businesses, including Target, Aldi, Wawa, Dollar Tree, and more.
We believe there is significant demand for such housing options in the area, and we are eager to present you with this opportunity. Please let us know if you would be interested in developing this property and buying it after entitlements.