349 Terrill Rd Scotch Plains, NJ 07076
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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