Development Opportunity in Essex
For Sale
$850,000
20 Washington Ave, Belleville, NJ 07109
Two adjacent parcels with development potential in Belleville Twp.
Property SizeContact for details
Days on Market157
Property Features for 20 Washington Ave
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$4,676
Amenities
Level Lot
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
BARBARA LOPEZ
Source:
Corcoran
Added: Mar 7
Changed: Aug 10
Last Checked: Aug 10 at 5:06AM
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 REALTY ONE GROUP LEGEND
Investment Insights
Based on property information with market context.
This offering comprises two adjacent parcels, available for sale as a single unit, which creates a substantial footprint suitable for a future development project. The site's size and configuration may accommodate a multifamily or mixed-use development, potentially supporting up to approximately 16 units. However, this is contingent upon the buyer's thorough due diligence, zoning verification, and the necessary municipal approvals. Lot #8502 measures approximately 105 x 50, with taxes amounting to $4,676.63. Lot #2.01 has approximate dimensions of 99.94 x 34.9, and its taxes are $1,941.21. The combined lots offer an oversized area relative to others in the vicinity, presenting an opportunity for ground-up development. This property represents an attractive opportunity for experienced builders or investors seeking land in a growing Essex County market.
Key Highlights
- Two adjacent parcels being sold together, creating a larger footprint.
- Potential for a multifamily or mixed‑use development concept (possibly up to 16 units).
- Oversized lot for the area.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,321
Businesses Nearby
Explore this area
Business Placement
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjacent parcels with development potential in Belleville Twp.
Where is this commercial land located?
The property is located at 20 Washington Ave Belleville, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two adjacent parcels being sold together, creating a larger footprint.; Potential for a multifamily or mixed‑use development concept (possibly up to 16 units).; Oversized lot for the area.
