516 Delsea Dr Clayton, NJ 08312

Exceptional investment opportunity: 112-unit multifamily development site in Clayton, NJ, encompassing 5.8 acres. This approved project features five three-story buildings with a mix of 100 market-rate and 12 affordable one- and two-bedroom units. Conveniently located less than four miles from Rowan University, the site boasts energy-efficient design, resulting in significant tax incentives. Attractive amenities include a residents' lounge, party room, 24/7 mini-market, Amazon lockers, fitness center, conference/business center, outdoor pickleball court, terrace with fire pit, ping pong table, and walking path. The total land area is 126,447 square feet, offering a compelling opportunity for immediate development. The project's comprehensive site plan has received full township approval, minimizing potential delays. This prime location and well-designed development plan present a strong return on investment. The asking price is $5,000,000.