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24 Model Ave - The Yard 1.15 Acres of Commercial Land Offered at $2,200,000 in Hopewell, NJ 08525
Investment Highlights
- In town living in a small town.
- Open floor plan, some units designed as 1st floor master bedrooms.
- Walkable to local restaurants and other retail.
Executive Summary
Highly desirable Hopewell Borough location within walking distance to schools, parks, coffee shops and other local retail. Hopewell is a small town of 2000+/- residents 8 miles west of Princeton, NJ. Access to highways 31 and 295 nearby. Public sewer, water, electric and gas in street abutting the project. Project is designed as an upscale project for individual sales with estimated sales prices between $800,000 and $900,000. All units are 3 bedrooms with 2 car garages except affordable rentals.
Property Facts
| Price | $2,200,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.15 AC |
| Zoning | Townhome Redevelopment - Redevelopment Zone. Compliance plan is pending and anticipated shortly. Block 11 Lot 26 | ||
| Price | $2,200,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 1.15 AC |
| Zoning | Townhome Redevelopment - Redevelopment Zone. Compliance plan is pending and anticipated shortly. Block 11 Lot 26 |
1 Lot Available
Lot 26
| Price | $2,200,000 | Lot Size | 1.15 AC |
| Price Per AC | $1,913,043.48 |
| Price | $2,200,000 |
| Price Per AC | $1,913,043.48 |
| Lot Size | 1.15 AC |
11 market rate residential townhome lots and 2 affordable rental units. Project approved by Planning Board (compliance plan pending), D&R Canal Commission Stormwater Management, Mercer County Soil Conservation and Hopewell Historic Commission.
Description
Picture is a proposed street view representation of final construction of the 5 units facing the existing street.
1 1
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Henry Wittman
24 Model Ave - The Yard
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