Listing Agency: DIANE TURTON, REALTORS-RUMSON m***@dianeturton.com Show Phone

Listed By: MICHAEL A MILANO · License #9803600

Source: Corcoran

Added: Apr 11, 2023 Changed: Aug 8 Last Checked: Aug 8 at 4:46AM

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Investment Insights

Based on property information with market context.

Located in the Port Monmouth section, this property presents an opportunity to potentially build five homes, pending Township Application and Sub-Division Approvals. One lot, located at 17 Walada Ave, will require a street extension to create egress, in addition to well and septic systems, due to the inability to extend city water and sewer services. The other four potential 100' x 100' lots can be created by developing the paper street known as Barton Place and the paper street known as Arlington Avenue. These lots will also require extending city water, sewer, electric, gas, and cable services. The owners have already received a Freshwater Wetlands Letter of Interpretation from the State of New Jersey Department Of Environmental Protection, as the property is located in a Flood Zone. The property size is 7500 square feet.

Key Highlights

• Opportunity to build five homes (pending approvals).
• Freshwater Wetlands Letter of Interpretation from NJDEP already obtained.
• One lot (17 Walada Ave) included in the sale.

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm Spa & Massage Center Hair Salon Restaurant

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

294

Businesses Nearby

Explore this area Business Placement

Demographics for 07758, NJ

4,942

Population

1,653

Households

3

Avg Household Size

43

Median Age

35%

College-Educated

94%

High-School Grad

1.6 sq mi

ZIP Area

3,089

Density / Sq Mi

$121,150

Median Household Income

$55,761

Median Earnings

$1,203

Median Rent

$478,900

Median Home Value

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Land for potential development of five homes, pending approvals.

Where is this residential land & home lot located?

The property is located at 19 Walada Avenue Port Monmouth, NJ.

What is the asking price?

The asking price for this property is $299,895.

What are key features of this property?

This property features: Opportunity to build five homes (pending approvals).; Freshwater Wetlands Letter of Interpretation from NJDEP already obtained.; One lot (17 Walada Ave) included in the sale.