65 Glenwood Ave City of Orange, NJ 07050
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 65 Glenwood Ave
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a prime development site in the City of Orange, New Jersey. Located at 65-71 Glenwood Ave, 07050, the property currently features an existing three-family house. The site is zoned residential and has already received approval for the construction of eleven townhomes, presenting a significant potential for substantial returns. The property's strategic location in Essex County offers convenient access to major transportation routes and local amenities. With a current asking price of $1,300,000 and annual real estate taxes of $13,700, this property represents a compelling proposition for discerning investors seeking a high-growth potential development project. The existing structure provides immediate income potential while plans for the eleven townhomes are already in place, minimizing development hurdles and maximizing return on investment. This is a rare opportunity to acquire a fully permitted development site in a desirable New Jersey location. Don't miss out on this chance to capitalize on the strong demand for housing in the area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- City of Orange
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2204317
- Latitude
- 40.7699925
