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R-2 Zoned Residential Land Parcel
For Sale
$650,000

1131 Springfield Ave, New Providence, NJ 07974

Level residential land totaling approximately 0.62 acres is offered in an R-2 zoning district, sold for land value.

Property SizeContact for details
Lot Size0.62 Acres
Days on Market24

Property Features for 1131 Springfield Ave

General Information

Standard status Active
Lot size 0.62 Acres
Property subtype Land
Zoning R-2

Taxes and HOA fees

Annual Taxes $13,382
Listing Agency:
Listed By: ELLEN GONIK
Source: Elliman
Added: Jul 19 Changed: Aug 8 Last Checked: Jul 19 at 2:18AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ELLEN GONIK

Investment Insights

Based on property information with market context.

Offered for sale as residential land only, this property totals approximately 0.62 level acres and includes lots 38, 41, and 42. The site is designated for development under the R-2 zoning district. The current offering is strictly for land value, with no interior access provided.

The property is located in New Providence, less than one mile from the train station and just minutes from the downtown area. Public remarks indicate access to dining, shopping, and New Providence schools.

This is a builder-focused opportunity for acquiring a multi-lot, level parcel suitable for residential development within the R-2 zoning framework.

Key Highlights

  • Approximately 0.62 level acres of residential land in the heart of New Providence
  • Zoned R‑2 for residential development
  • Sold strictly for land value

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Nail Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage Pharmacy Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

507
Businesses Nearby

Demographics for 07974, NJ

13,122
Population
4,995
Households
2.6
Avg Household Size
43
Median Age
69%
College-Educated
96%
High-School Grad
4.0 sq mi
ZIP Area
3,281
Density / Sq Mi
$168,860
Median Household Income
$95,875
Median Earnings
$2,042
Median Rent
$726,000
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Level residential land totaling approximately 0.62 acres is offered in an R-2 zoning district, sold for land value.
Where is this residential land & home lot located?
The property is located at 1131 Springfield Ave New Providence, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Approximately 0.62 level acres of residential land in the heart of New Providence; Zoned R‑2 for residential development; Sold strictly for land value
More about this property
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