Former Senior Housing
For Sale
Contact for pricing
140 Shepherds Lane, Totowa, NJ 07512
160,000+ sq ft property suitable for healthcare or residential redevelopment.
Property Size160,275 SF
Days on Market770
Property Features for 140 Shepherds Lane
General Information
Standard status
Active
Size
160,275 SF
Total Parking Spaces
120
Property subtype
Senior Living
Zoning
R-40
Investment Type
Redevelopment
Building Details
Year Built
1975
Year Renovated
1983
Stories
4
Units
102
Listing Agency:
RM Friedland
Listed By:
John Barrett · License #NY10301202670
(914) 968-8500
Source:
Crexi
Added: Jul 27, 2024
Changed: Aug 26
Last Checked: Sep 4 at 5:05AM
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 RM Friedland
Investment Insights
Based on property information with market context.
Located in Totowa, New Jersey, this property encompasses over 160,000 square feet. Previously a skilled nursing facility, the property has infrastructure suitable for healthcare use. It also provides a foundation for residential redevelopment for either the free market or tax credit developer. The property is positioned to capitalize on the demand in the Metropolitan area for elder care facilities and residential rental housing. The property has access to major highways and public transportation. The existing building, formerly a 102-unit senior housing community, is laid out in three wings. It is suited for adaptive reuse as a multifamily retrofit for either free market or tax credit redevelopment, in addition to senior housing. The site includes mature green spaces and gardens.
Key Highlights
- Large 160,000+ sq ft property suitable for healthcare or residential redevelopment.
- Previously a skilled nursing facility, equipped with existing infrastructure for healthcare use.
- Prime location in Totowa, NJ, with easy access to major highways and public transportation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07512, NJ
11,042
Population
4,002
Households
2.8
Avg Household Size
44
Median Age
38%
College-Educated
93%
High-School Grad
4.0 sq mi
ZIP Area
2,761
Density / Sq Mi
$114,177
Median Household Income
$56,348
Median Earnings
$1,703
Median Rent
$507,700
Median Home Value
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Similar Off Market Nearby
- St Joseph's Home-Elderly — 140 Shepherds Ln Suite 1, Totowa, NJ 07512
Frequently Asked Questions
What type of property is this?
Nursing home - 160,000+ sq ft property suitable for healthcare or residential redevelopment.
Where is this nursing home located?
The property is located at 140 Shepherds Lane Totowa, NJ.
What are key features of this property?
This property features: Large 160,000+ sq ft property suitable for healthcare or residential redevelopment.; Previously a skilled nursing facility, equipped with existing infrastructure for healthcare use.; Prime location in Totowa, NJ, with easy access to major highways and public transportation.
