Building Details

Year built 1940

Floors in Building 2

Number of units 3

Building materials Block, Combination, Frame

Architectural style Bungalow, Ranch

Listing Agency: EXP Realty, LLC N***@eXpRealty.net Show Phone

Listed By: Andrey P Letushko · License #1540044 Show Phone

Added: May 21 Changed: Aug 19 Last Checked: Aug 21 at 5:06PM

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MLS# NJAC2024646

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Investment Insights

Based on property information with market context.

This offering consists of three old, dilapidated single-family dwelling structures located on one lot. The property requires major rehabilitation or rebuilding for any and all structures. The seller states it is sold strictly as-is, and the buyer is responsible for all due diligence, including necessary permits and any certificate of occupancy requirements.

The seller notes Pinelands approval exists for a potential 2-lot or even 3-lot subdivision. However, the seller also indicates there are no township approvals for either scenario, and any further approvals would need to be completed by the buyer.

Multiple development paths may be possible depending on required approvals, including building or rebuilding one home, or pursuing subdivision and rebuilding additional homes with the necessary township approvals.

Key Highlights

• Three existing old, dilapidated single‑family dwellings on one lot (sold strictly as‑is; major rehabilitation or rebuilding needed).
• Pinelands approval for 2 or even 3 lot subdivision is noted; buyer would have to complete any required township approvals.
• Build/rebuild options discussed: build or rebuild 1 home, or subdivide and rebuild 2 homes with township approval.

Property Analytics

Property Profile

Current Use

Single family properties

Suggested Use

Top Pick Auto Repair Shop Electrical Service Food Market Law Firm Farmer's Market Electronics & Wireless Store

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

14

Businesses Nearby

Explore this area Business Placement

Demographics for 08350, NJ

611

Population

341

Households

1.8

Avg Household Size

47

Median Age

18%

College-Educated

83%

High-School Grad

3.2 sq mi

ZIP Area

191

Density / Sq Mi

$152,525

Median Household Income

$77,615

Median Earnings

$235,600

Median Home Value

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Frequently Asked Questions

What type of property is this?

Single family property - For sale three old, dilapidated single-family dwellings on one lot, requiring major rehabilitation or rebuilding.

Where is this single family property located?

The property is located at 228 LORRAINE Avenue Richland, NJ.

What is the asking price?

The asking price for this property is $199,900.

What are key features of this property?

This property features: Three existing old, dilapidated single‑family dwellings on one lot (sold strictly as‑is; major rehabilitation or rebuilding needed).; Pinelands approval for 2 or even 3 lot subdivision is noted; buyer would have to complete any required township approvals.; Build/rebuild options discussed: build or rebuild 1 home, or subdivide and rebuild 2 homes with township approval.