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    349 Terrill Rd Scotch Plains, NJ 07076

    Sponsored
    For Sale
    $349,900

    0.17-acre lot, B-1 zoning, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.17-acre commercial and residential lot, located at 349 Terrill Rd, Scotch Plains, NJ 07076, presents a unique investment opportunity. The property, encompassing 7,405 square feet, is zoned B-1, allowing for a variety of commercial uses. A variance obtained in December 2022 permits the construction of a side-by-side duplex. Each unit is designed for six or seven rooms, including three bedrooms, with the potential to finish a third floor. All necessary utilities – water, sewer, and gas – are readily available. The lot is situated at the end of a short, quiet street (Gables Street), has been cleared, and is ready for immediate development. This prime location in Union County offers convenient access to major roadways and local amenities. The asking price is $349,900. Prospective buyers are encouraged to verify permitted uses with the local zoning authorities.

    Property Features for 349 Terrill Rd

    General Information

    Property type
    Land
    Lot Size
    7,405 SF

    HighLights

    • 7,405 SF lot size.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scotch Plains
    County
    Union
    State
    New Jersey
    Longitude
    -74.406903873242
    Latitude
    40.643439268605

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    FAQs

    What type of property is this?
    Land - 0.17-acre lot, B-1 zoning, ready to build.
    Where is this land located?
    The property is located at 349 Terrill Rd Scotch Plains, NJ.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: 7,405 SF lot size.; ;
    Request Owner's contact information
    349 Terrill Rd Scotch Plains, NJ 07076
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    Scotch Plains, NJ 07076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    349 Terrill Rd Scotch Plains, NJ 07076
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