$350,000
Development Opportunity – ±0.80-Acre Mixed-Use Lot
Excellent development opportunity on a ±0.80-acre mixed-use parcel featuring a substantial existing impervious surface area. The Borough has advised that, due to the existing impervious coverage, additional stormwater management requirements may not be necessary for future development. Buyers are strongly encouraged to perform their own due diligence and independently verify all development requirements with the appropriate municipal agencies.
The property is located within a mixed-use zoning district, allowing for a variety of potential development options. Seller has been advised that a duplex is a permitted use by right. Additionally, several neighboring properties on the same street contain residential buildings with more than two units. While it is believed that higher-density development (potentially four or more units) may be achievable through the applicable municipal approval process, no engineering studies, zoning analyses, variance applications, or development approvals have been obtained to support this possibility. Seller makes no representations, warranties, or guarantees regarding the number of units that may be approved or constructed.
Public water and public sewer are available. The property is generally level and includes a waterway easement along the eastern property line. This property offers significant potential for developers, investors, or owner-users seeking a well-located site with flexible mixed-use zoning.
W North Ave, Palmyra
Listing courtesy of Hostetter Realty LLC. Contact: 7173546416