Current Use by Public Records
- Commercial real estate
Property Details for 2 Stokes Rd
- Lot size
- 4.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional four-acre corner lot is situated within a thriving industrial park in Shamong, New Jersey, presenting a unique investment opportunity. The property boasts previously approved plans for a 40,000 square foot self-storage facility, although these plans are not binding and could be modified to accommodate alternative uses. The approvals, while expired, provide a significant head start for developers seeking to expedite the permitting process. The comprehensive plans offer a detailed blueprint for construction, minimizing potential delays and uncertainties. Furthermore, the property benefits from a letter of support from the township of Shamong for the development of a medical marijuana facility, opening up additional avenues for potential investors. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures. The expansive four-acre parcel provides ample space for substantial development, ensuring flexibility and scalability for future projects. This is a rare opportunity to acquire a strategically located property with a proven track record of development approval, offering significant potential for substantial returns. The existing approvals and the letter of support from the township significantly reduce the hurdles typically associated with new developments, making this a highly desirable investment. Serious inquiries are encouraged.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shamong
- County
- BURLINGTON
- State
- New Jersey
- Longitude
- -74.7392
- Latitude
- 39.7702
