11 Lndg Ln New Brunswick, NJ 08901
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Riverview Guest House Corporate Office
C-R Zone (Corporate Retreat). a. Intent. The intent and purpose of this district is to recognize the particular environmental features of land area fronts on the D & R Canal, while providing the opportunity for reasonable, environmentally-sensitive development in character with the existing development in the district. The district borders the environmentall…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-R · New Brunswick, NJC-R Zone (Corporate Retreat). a. Intent. The intent and purpose of this district is to recognize the particular environmental features of land area fronts on the D & R Canal, while providing the opportunity for reasonable, environmentally-sensitive development in character with the existing development in the district. The district borders the environmentally sensitive D&R Canal and Mile Run Brook. The canal is also a state park and historically significant property. Significant portions of the area encompassed by the C-R district consist of land which exhibits severe constraints on development. The areas bordering the waterways is susceptible to flooding. A portion of the area along the streamfront possess is characterized by steep slopes (twenty-five (25) percent or greater). In addition, the shallow soil cover and steep slopes are constraints to excavation for basements, underground utilities and septic fields. Because of the constraints described above and because it is in the public interest to protect environmentally sensitive areas so as to prevent erosion and reduce pollution of the Raritan River and Lawrence Brook, this district shall regulate development in order to accomplish one or more of the following purposes: i. To conserve and preserve land to assure that its development will best maintain and enhance the appearance, character and natural beauty of the area; ii. To preserve and protect particular areas and terrain which have qualities of natural beauty or which are environmentally sensitive to development; iii. To protect streams and rivers as natural resources and to avoid flooding, erosion and water pollution; and iv. To preserve wetlands, wildlife habitats and other areas having conservation value. Due to the potential impact of any development within the C-R (Corporate Retreat) district on the environment, an application for site plan approval of a development shall include the submission of an environmental impact assessment prepared by a licensed professional engineer. b. Permitted Uses. Private corporate retreat facilities including conference space, overnight guest rooms, residence for caretakers/maintenance personnel and indoor/outdoor dining/food service for guests, including customary support services for such uses. c. Conditional Uses. i. None. d. Accessory Uses. i. Private garages for automobile storage; ii. Storage sheds, greenhouses, security huts and similar structures; iii. Private swimming pools or other similar private recreational facilities; iv. Fences and walls; v. Decks, patios. e. Parking. As specified within
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.