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Charles Bierman Home for the Aged
10 Madison Avenue, Montclair, NJ 07042
$985,000
2.20 AC
Land
Residential (land)
- Electricity/Power
- Irrigation
- Water
- Telephone
- Cable
- Gas/Propane
-
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Last Verified 10/27/2009
Listing ID 15549298
1 Lot Available
Lot 1
$985,000
2.20 AC
Residential (land)
5 AC
2.10 AC
2%
- Great topography.Minimum # of SF lots is 5..might obtain 6. Currently one lot with 9000 sq ft 3 story structure and one 3 bed single family split.
Description
2.2 acres in Montclair, NJ. Zoned R-1 residential. 4 lots or 5 possible. Area will support 3,000 sq ft four bed homes up to 900k and the 9200 sq ft former Charles Bierman Home for the Aged, once renovated, should garner at least 1.3 million.
Former grandfathered, non-conforming use Of the CB home has been abandoned but NJ State Land Use Law, under NJSA 40:55D-66.1 provides for use of such a structure as a group home with up to 15 not related individuals in four catagories: the terminally ill, those with acquired head injuries, victims of domestic violence and the mentally and physically disabled.
There is also a three bedroom split on the site.
Property is on the corner and rolls upward from both streets. Great topography.
Very well located in Montclair and close to the Glen Ridge border. Train/bus to NYC, local bus lines and schools within walking distance. Residential area with 930k as recent top single family comp.
Map of 10 Madison Avenue, Montclair, NJ 07042 (Essex County)
Created 2/5/2008
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.