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240 Littleton Rd 0.69 Acres of Commercial Land Offered at $3,000,000 in Parsippany, NJ 07054
INVESTMENT HIGHLIGHTS
- Prime Location in a bustling commercial district, offering great visibility and accessibility.
- Fully Approved for the construction of 20 residential units (16 market-rate and 4 affordable).
- Significant Potential for residential growth in a high-demand area.
- Expansive Lot spanning 30,622+/- sq. ft., providing ample space for development.
- Ideal for Developers looking to capitalize on the growing demand for urban residential living.
- Opportunity for Mixed Income with a blend of market and affordable housing units.
EXECUTIVE SUMMARY
Corner lot (Littleton Road & Parsippany Blvd) at signalized 4-way intersection. Located in the heart of a bustling commercial district lies this prime parcel of vacant land, offering an unparalleled opportunity for residential development. Spanning 30,622+/- square feet, this expansive lot boasts full approval for the construction of 20 residential units (16 market & 4 affordable), making it an ideal canvas for developers seeking to capitalize on the demand for urban living.
PROPERTY FACTS
| Price | $3,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | O-1 - Commercial | ||
| Price | $3,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 0.69 AC |
| No. Stories | 2 |
| Zoning | O-1 - Commercial |
1 LOT AVAILABLE
Lot
| Price | $3,000,000 | Lot Size | 0.69 AC |
| Price Per AC | $4,347,826.09 |
| Price | $3,000,000 |
| Price Per AC | $4,347,826.09 |
| Lot Size | 0.69 AC |
Corner lot (Littleton Road & Parsippany Blvd) at signalized 4-way intersection.
DESCRIPTION
Located in the heart of a bustling commercial district lies this prime parcel of vacant land, offering an unparalleled opportunity for residential development. Spanning 30,622+/- square feet, this expansive lot boasts full approval for the construction of 20 residential units (16 market & 4 affordable), making it an ideal canvas for developers seeking to capitalize on the demand for urban living.
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240 Littleton Rd
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