28-42 Geering Ln Paterson, NJ 07522
- Land
- 1.50 lot acres
Current Use by Public Records
- Land
Property Details for 28-42 Geering Ln
- Lot size
- 1.50 lot acres
- Property type
- Land
Description
This exceptional 1.5-acre commercial land parcel, located at 28-42 Ryle Ave & 21-29 Geering Lane in Paterson, New Jersey (zip code 07522), presents a unique development opportunity. Situated in Passaic County, this property boasts a significant advantage: prior approval for the construction of over 90 residential units. The lot encompasses approximately 1.56 acres (Block 801, Lots 14 and 15), offering substantial buildable space. The property's strategic location within Paterson provides access to key transportation routes and amenities, making it an attractive proposition for developers seeking a high-density residential project. The 2022 property taxes were $31,194.24. This is a rare chance to acquire a previously approved development site in a desirable New Jersey location, ready for immediate action. Detailed site plans and approvals are available upon request. This property is being offered for sale and represents a compelling investment opportunity for experienced developers. The coordinates for this property are latitude 40.9214908 and longitude -74.1781904. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paterson
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.1782
- Latitude
- 40.9215
