Multifamily Development Opportunity in
For Sale
$675,000
299 Reynolds Ter, Orange, NJ 07050
Approved development site for 20 residential units in Orange.
Property Size999 SF
Lot Size0.25 Acres
Price / SF$675.68
Days on Market223
Property Features for 299 Reynolds Ter
General Information
Standard status
Active
Size
999 SF
Lot size
0.25 Acres
Listing Agency:
HOMEQUEST REALTY GROUP LLC
Listed By:
RACHELE JEANLOUIS · License #0900827
(908) 392-4644
Source:
Luminancerealty
Added: Mar 24
Changed: Oct 25
Last Checked: Oct 5 at 10:11PM
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 HOMEQUEST REALTY GROUP LLC
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Investment Insights
Based on property information with market context.
This property presents a multifamily development opportunity within the City of Orange. The site has received City Resolution approval for the construction of 20 residential units, with proposed plans available for review. The lot measures approximately 50 x 220. This property is suitable for builders and investors looking for a project with existing approvals. The property is being sold strictly as a development site. Prospective buyers are responsible for conducting all due diligence, obtaining necessary permits, and completing municipal verifications.
Key Highlights
- Prime multifamily development opportunity.
- City Resolution approval for 20 residential units already in place.
- Lot size approximately 50 x 220.
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
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Business Placement
Demographics for 07050, NJ
34,315
Population
13,412
Households
2.6
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
2.2 sq mi
ZIP Area
15,598
Density / Sq Mi
$53,109
Median Household Income
$38,587
Median Earnings
$1,427
Median Rent
$336,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved development site for 20 residential units in Orange.
Where is this residential land & home lot located?
The property is located at 299 Reynolds Ter Orange, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime multifamily development opportunity.; City Resolution approval for 20 residential units already in place.; Lot size approximately 50 x 220.
