Catylist Listing ID: 30042388
Gross Land Area: 3.28 Acres
Sale Price: $760,000
Unit Price: $231,707 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 3/1/2018

Overview / Comments

There is a frame 2 story building having 32,000+/- SF formerly known as the Hamilton uniform building. It is in disrepair and unsafe. It will need to be demolished and no value is placed on the improvements. With its close proximity to the village of Crosswicks this is an exceptional site for development. The small lots will blend with the character of the village. A conceptual plan was completed which yields 16 building lots. Research of comparable existing residential single family detached homes indicate the houses could be sold in the $150.00 to $160.00 per square foot range. Each lot should be able to accommodate a 2,000+/- SF 2 story home with enough room for a garage and a small yard.

Additional Details

Nearest MSA: Philadelphia-Camden-Wilmington
County: Burlington
Zoning: VILLAGE 1 (V1)
Property Located Between: Main Street
Property Visibility: Good
Lot Frontage: 489+/-
Zoning Description: Village 1 (V1). The township has indicated that they would be open to consolidating the entire parcel into the Village 1 zone and the owners are working with the township in that direction. The Village district permits detached single family dwellings on minimum lot sizes of 4,000+/- SF. The complete zoning ordinance is available upon request.
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,578 29,064 99,339
Median Age: 35.19 40.99 40.47
Households: 1,178 10,058 36,870


Photograph of Listing Agent

Steven Marusky

Richardson Commercial, LLC Realtors
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