842 Salem Quinton Rd Salem, NJ 08079
- Commercial real estate
- 62.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 842 Salem Quinton Rd
- Lot size
- 62.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 62-acre property located at 842 Salem Quinton Road, Salem, New Jersey, 08079 presents a unique investment opportunity. Currently used as farmland, this open, cleared, and level land boasts significant development potential due to its versatile LI/O zoning. The permitted zoning allows for a variety of uses, including warehousing and residential development. Specifically, the property permits the construction of warehouses with a 22% floor area ratio (FAR) and impressive 45-foot ceiling heights. For residential development, the zoning allows for 6,500 square foot detached lots with 50-foot frontages, falling under the Village Residential (VR) designation. Detailed survey, topographic, and engineering documents are readily available for review. The asking price for this expansive property is $10,000,000. While a 100-acre minimum is typically required for certain uses, this property's zoning and existing infrastructure offer significant flexibility and potential for a variety of development projects. This is a rare opportunity to acquire a large parcel of land in Salem County with diverse development possibilities.
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
- Salem
- County
- Salem
- State
- New Jersey
- Longitude
- -75.4245375
- Latitude
- 39.5534441
