Description
These two lots are located in a redevelopment zone and are for sale as a package deal, and there are tons of opportunities for this investment. The current owner collects $8500 monthly in rent. Currently, two used car dealerships (2500/ 2500) and an autobody shop (3500) are on the land. With 10,000 square feet on one lot and 5,000 square feet on the adjacent lot, the city has approved the owner to build 40 two-bedroom units on the land! The current lease can be extended for 5 to 10 yrs and paid a year upfront! Bonus vacant lot across the street!
-
0BEDS
-
0.23ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
These two lots are located in a redevelopment zone and are for sale as a package deal, and there are tons of opportunities for this investment. The current owner collects $8500 monthly in rent. Currently, two used car dealerships (2500/ 2500) and an autobody shop (3500) are on the land. With 10,000 square feet on one lot and 5,000 square feet on the adjacent lot, the city has approved the owner to build 40 two-bedroom units on the land! The current lease can be extended for 5 to 10 yrs and paid a year upfront! Bonus vacant lot across the street!
The data relating to real estate for sale on this web-site comes in part from the
Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM,
INC. Real estate listings held by brokerage firms other than this site-owner are marked with
the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the
accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any
information provided. Copyright 2023, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. All rights
reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC
retains all rights, title and interest in and to its trademarks, service marks and copyrighted
material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Data last updated: 2023-06-01T17:08:03.29.