1902 Melville St Ocean Township, NJ 07755

Property Details for 1902 Melville St

Property type

Commercial real estate

Description

This exceptional 20,000 square foot residential lot presents a remarkable opportunity in the highly sought-after Ocean Township, New Jersey. Located at 1902 Melville Street, Oakhurst, NJ 07755, this property boasts a desirable location near shopping malls, major highways (GSP and NJ Turnpike), providing easy access to New York City. The beach and premier golf courses are also just moments away. The lot, measuring approximately 200 feet by 100 feet, is situated on uplands and is currently zoned for residential use. Preliminary applications have been submitted to the Department of Environmental Protection (DEP), which may result in a future price increase. However, the asking price of $325,000 is negotiable if the property is sold "as is" without the seller completing further testing. The lot's wooded character offers a tranquil setting, and its potential for subdivision into two separate lots allows for the construction of either one larger home (approximately 5,000 square feet) or two smaller homes (approximately 2,500 square feet each). Note that variances from the town would be required for subdivision. This property's convenient location, near the exclusive communities of Deal, Allenhurst, and Elberon, adds to its significant appeal. Soil testing documentation is available. The lot was originally purchased from the township and has remained within the same family. This is a truly profitable opportunity to own a significant parcel of land in a prime Ocean Township location.