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Off Market
1/3

387 Franklin Ave
Rockaway, NJ 07866


HIGHLIGHTS

  • Great access to local highways and transportation links. Also a very wooded and natural surrounding for most any use.

OVERVIEW

-This 17 acres is adjacent to light industrial and industrial use as well as retail shops. It has been considered for residential use but would require a Fair Housing set aside. Other uses considered is self service storage, a solar farm, other warehouse uses and possible recreational use. There is a high school nearby as well that might benefit from that. It had been approved for 250 midrange apartments but access for that use is difficult. -Property we own in Denville, also adjacent to this one is also available. You will find approximately 72 acres of woodlands there as well with significant wetlands. Several areas may be developeable on a small scale which we can explore. -Of course as a whole, there is plenty of set aside potential to trade off for various uses. That property is assessed at $30,000 per acre with some frontage at $50,000. Of course it shows now that it is part of a forestry plan reducing the taxes to less than $300 per year at this time. Any portion developed would roll back those taxes for a couple of years but if it is maintained and is used as a set aside, the cost to keep it is very low indeed. -We are asking $2,150,000 for the Denville property but will consider breaking it up for smaller projects on a case by case basis and at a negotiated price that would likely be higher than the current per acre price.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

McWilliams 3G

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Industrial

LAND PROPOSED USE

Industrial, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Distribution, R&D, Single Family Development, Warehouse

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Cable, Telephone

ZONING

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APN/PARCEL ID

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