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Approved Townhouse Project Opportunity
For Sale
$2,950,000
Pending

203 Ross Place, Westfield, NJ 07090

Approved townhouse project for sale on 1.03 acres.

Property SizeContact for details
Lot Size1.03 Acres
Days on Market1196

Property Features for 203 Ross Place

General Information

Standard status Pending
Lot size 1.03 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $14,398
Listing Agency: SIGNATURE REALTY NJ
Listed By: NATALIE ANN GALLERANO
Source: Corcoran
Added: May 2, 2023 Changed: Aug 8 Last Checked: Aug 8 at 6:02AM

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 SIGNATURE REALTY NJ

Investment Insights

Based on property information with market context.

This is a development opportunity featuring an approved townhouse project situated on a 1.03-acre site. The property currently includes a 6-unit multifamily dwelling at 203 Ross Place and a 15-unit rooming house at 209 Ross Place. The approved project consists of 10 townhouse units, with 2 already constructed and excluded from this sale. The property will operate under a condominium ownership arrangement. This sale encompasses 8 townhouse units within 2 buildings, and includes the removal of the 2 existing structures.

Key Highlights

  • Approved townhouse project on 1.03 acre site.
  • Includes 8 townhouse units in 2 buildings.**
  • Development opportunity.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Computer & Electronic Repair Cosmetic Store Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Tech Support Center

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

2,759
Businesses Nearby

Demographics for 07090, NJ

31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Approved townhouse project for sale on 1.03 acres.
Where is this residential land & home lot located?
The property is located at 203 Ross Place Westfield, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Approved townhouse project on 1.03 acre site.; Includes 8 townhouse units in 2 buildings.**; Development opportunity.
More about this property
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