Listing Agency: COLDWELL BANKER REALTY

Listed By: FREEMAN SMITH 908-500-1640 · License #261188 Show Phone

Source: Brentsellsnj

Added: Aug 18, 2025 Changed: Sep 10 Last Checked: Sep 26 at 7:30AM

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Investment Insights

Based on property information with market context.

This property features seven contiguous lots totaling 2 acres, situated within a designated redevelopment area in Chatham Borough. It is included in Chatham's 3rd round affordable housing plan, related to Chatham's 202 affordable house program. The property has a zoning overlay and is part of the third round 2025-2030 plan of 181 units, with a minimum of 67 units planned. Prospective buyers are advised to verify details with the town.

Key Highlights

• Located in a designated redevelopment area, streamlining development.
• Included in Chatham's affordable housing plan, 3rd round, presenting a defined opportunity.
• Approved for a minimum of 67 housing units, providing substantial capacity.

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Big Box & Wholesale Store Hair Salon Pharmacy Nail Salon Spa & Massage Center 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

430

Businesses Nearby

Explore this area Business Placement

Demographics for 07928, NJ

19,778

Population

6,837

Households

2.9

Avg Household Size

42

Median Age

83%

College-Educated

99%

High-School Grad

9.3 sq mi

ZIP Area

2,127

Density / Sq Mi

$236,000

Median Household Income

$101,563

Median Earnings

$2,441

Median Rent

$965,800

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this residential land & home lots located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Residential land & home lot - Seven contiguous lots in designated redevelopment area.

Where is this residential land & home lot located?

The property is located at 55 River Rd Chatham, NJ.

What is the asking price?

The asking price for this property is $8,500,000.

What are key features of this property?

This property features: Located in a designated redevelopment area, streamlining development.; Included in Chatham's affordable housing plan, 3rd round, presenting a defined opportunity.; Approved for a **minimum of 67 housing units**, providing substantial capacity.