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    Assisted Living Approved Development Land
    Updated: Apr 29, 2025
    Assisted Living Approved Development Land

    251 Grove Ave, Verona, NJ 07044

    Contact for pricing
    5.54 AC lot
    5.54‑acre assisted living site with approval noted in the listing
    Zoned C‑2 (professional office and business zone district)
    Assisted living allowed as a conditional use in the C‑2 zoning described
    Co‑working permitted use per the C‑2 zoning language provided
    County: Essex; Block 1201, Lot 12
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Verona, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Wayne Industrial Opportunity For Sale
    Wayne Industrial Opportunity For Sale

    179 Old Turnpike Rd, Wayne, NJ 07470

    $1,195,000
    2,411 sqft 0.36 AC lot

    Versatile property near major highways, ideal for various commercial uses.

    View details
    Land Adjacent to Passaic River
    Land Adjacent to Passaic River

    190 Park, Wayne, NJ 07470

    $200,000
    0.53 AC lot

    Commercial land for sale next to the Passaic River.

    View details
    LAND - Cedar Grove Twp., NJ
    LAND - Cedar Grove Twp., NJ

    234 Ridge Rd, Cedar Grove, NJ 07009

    $439,000
    0.37 AC lot

    Land · 0.37 Acres

    View details
    Redevelopment Opportunity in Cedar Grove
    Redevelopment Opportunity in Cedar Grove

    694 Pompton Avenue, Cedar Grove, NJ 07009

    Contact for pricing
    0.51 AC lot

    Approximately 0.51-acre land for redevelopment in Cedar Grove, NJ.

    View details

    Verona, NJ Land Market Trends and Statistics

    Explore 1 land for sale in Verona, NJ on our real estate platform. These investment opportunities span a total of 241,322 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 3

    Demographics Overview

    Population 14K
    Population Growth (5Y) +6.0%
    Median Household Income $159,044
    College Educated 97.6%

    Taxes & Financing

    Tax Rate (average for all types) 3.03%
    Property Tax per SF $8.37 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Essex County

    Residential Income

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