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50 River Rd - Prime Morris County Development Site 12.37 Acres of Commercial Land Offered at $1,395,000 in East Hanover, NJ 07936

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INVESTMENT HIGHLIGHTS

Located just off Rt 10, surrounded by premium brand retail stores. Traffic count is about 12,000 cars per day. Located between TD BANK and VERIZON.

EXECUTIVE SUMMARY

Vacant Land, great location for professional offices or residential development. The front lot is 1.88 acres, zoned PB-1 and the back lot (10.49 acres) is primarily Wetlands. Adjacent Retailers: Best Buy, Capital Lighting, Pier 1, Party City, Verizon, Golf Galaxy, Dollar Tree
Adjacent Restaurants: Panera, Boston Market, TGI Fridays

50 River Rd Flood Map

RAH-4 Zone Township of East Hanover, NJ

PB-1 & R-20 Zoning for East Hanover

50 River Rd Survey

PROPERTY FACTS

Price	$1,395,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Office Bank Medical Single Family Development
No. Lots	1	Total Lot Size	12.37 AC
Property Type	Land
Zoning	PB-1 and R-40 - 1. Single Family Residences 2. Professional Office Buildings

Price	$1,395,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Office Bank Medical Single Family Development
Total Lot Size	12.37 AC
Zoning	PB-1 and R-40 - 1. Single Family Residences 2. Professional Office Buildings

1 LOT AVAILABLE

Lot 49 & 49.10

Price	$1,395,000	Lot Size	12.37 AC
Price Per AC	$112,772.84

Price	$1,395,000
Price Per AC	$112,772.84
Lot Size	12.37 AC

Lot 49.01 is 1.88 Acres, Zoned PB-1. Lot 49 is 10.49 Acres, Zoned R-40, 90% of this lot is Wetlands.

DESCRIPTION

Prime development site just of Rt 10. The 1.88 acre front lot would permit building banks, office buildings for business, medical, professional or administrative, and Single Family Residences (similar to R-20 Zoning). The property consists of two lots: 1.88 acres on River Rd zoned PB-1 and 10.49 acres in the rear zoned RAH-4. There is about 2-3 acres of usable property facing River Rd, the remaining portion is wetlands. See attached Zoning Ordinances.