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    FOR SALE
    Commercial real estate

    2127 Allenwood Rd, Wall, NJ 07719

    22 ac lot
    Entity Owned 8-yr Hold
    Property ID
    US59-0321864
    2127 Allenwood Rd, Wall, NJ 07719 For Sale
    $2,850,000
    2127 Allenwood Rd, Wall, NJ 07719
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    Property summary
    AI-generated overview

    This exceptional 22-acre parcel of land presents a compelling redevelopment opportunity in Wall Township, New Jersey. Located at 2127 Allenwood Road, 07719, this property is zoned RR and offers significant potential for residential development. The lot boasts convenient access to all utilities, situated directly at the property line. A concept plan, available upon request, illustrates a potential subdivision layout compliant with existing zoning regulations. The property is owned by an LLC and is being offered as a 1031 exchange opportunity, making it an attractive investment for qualified buyers. The expansive acreage provides ample space for a variety of residential projects, catering to diverse development plans. Its location within a sewer service area further enhances its desirability and simplifies the development process. The Monmouth County location offers a desirable suburban setting with easy access to major transportation routes and amenities. This is a rare opportunity to acquire a large, developable parcel in a prime New Jersey location. The APN is 52-00801-0000-00007. Serious inquiries only.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 22 ac (958,320 SF)
    APN 52-00801-0000-00007
    UPID US59-0321864
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    2383 Cedar Street LLC · 8 yrs held
    2383 Cedar Street LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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