430 Mtn Ave New Providence, NJ 07974-2761
OR Office and Residential District. Purpose. The OR Office and Residential District is intended to support the existing neighborhood while encouraging new development along the South Street corridor, which leads into the Borough's downtown. This mixed-use district fronts on South Street and is characterized by office complexes, small-scale retail, and single…
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
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Property description
Physical attributes from public recordsZoning & alternative use
OR · New Providence, NJOR Office and Residential District. Purpose. The OR Office and Residential District is intended to support the existing neighborhood while encouraging new development along the South Street corridor, which leads into the Borough's downtown. This mixed-use district fronts on South Street and is characterized by office complexes, small-scale retail, and single- and two-family residential development, all of which are mixed-in amongst each other. It is the goal of this district to promote more small-scale mixed-use and office development. The district acts as a prime transition area from the Borough's TBI-2 Zone, as well as several residential districts, into the central downtown corridor. Permitted principal uses. Single-family detached dwellings existing at the time of adoption of this chapter. Two-family dwellings existing at the time of adoption of this chapter. Townhouses. Multifamily. Mixed-use buildings (residential permitted on upper floors). Child-care centers. Eating and drinking establishments. Educational use: specialized or vocational schools. Essential services. Financial institutions (with or without drive-throughs). Funeral homes. Co-working office space. Flex office space. Professional office space. Personal services. Restaurants (no drive-throughs). Retail convenience. Retail sales. Retail sales, food. Retail services. Community residences/shelters housing persons with developmental disabilities, victims of domestic violence, the terminally ill, persons with head injuries, consistent with N.J.S.A. 40:55D-66.1. [Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)] Permitted accessory uses. Home offices/occupations. Family day care homes associated with single- and two-family dwellings. Solar installations. Electric vehicle charging infrastructure. Private recreational buildings associated with multifamily development only. Other uses customary and incidental to the principal use. Conditional uses. Small wind energy systems. Bulk standards. All restrictions as set forth in Schedule III of this chapter and as specifically detailed in the following table apply to the OR Zoning District. Development in the OR District shall also be subject to the enhanced setbacks and buffering requirements found in § 310-14 and § 310-56 , respectively. [Amended at time of adoption of Code (see Ch. 1, General Provisions, Art.
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Risks
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