$1,480,000

Description

Vacant land in Edgewater located minutes from New York City – an excellent builder/investor opportunity. Prime real estate is conveniently located within walking distance to multiple premier shopping centers, restaurants, a day care center, a medical office, and a NJ Transit bus stop. This is an ideal site for development in a thriving neighborhood. A hotel, residential, and retail development is currently under construction directly across the street. Don’t miss out on acquiring one of the last remaining pieces of undeveloped real estate in this gold coast town. Lot size is 7,053square feet. The property currently has a building permit to construct a two-bay garage with an engineering site plan for a retaining wall; however, the prospective buyer may apply for any modification. Property is zoned MXD-1 (mixed-use district) permitted for the following uses: 1. Hotels 2. Office 3. Multifamily residential (above the first floor) 4. Retail and service establishments, excluding automobile sales 5. Restaurants 6. Financial institutions (no drive-through) 7. Workshops for craftsmen (artists, carpenters, etc.) with a retail component only 8. Childcare centers 9. Real estate offices Approved mixed-use lot for commercial and residential purposes. This lot offers a spectacular view of a freestanding building in New York. It has numerous potential business uses and provides excellent exposure.

Tax & Financial Information