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751 Garwood Rd - Development Opportunity 15.46 Acres of Commercial Land Offered at $2,800,000 in Moorestown, NJ 08057


EXECUTIVE SUMMARY
The site spans approximately 15.46 acres (±673,350 square feet) across two tax parcels (Block 2207, Lots 28 & 31), and is zoned R-1 – Residence District under Moorestown Township’s zoning ordinance. The R-1 zoning classification is intended to support low-density, high-quality residential development, with specific dimensional requirements designed to preserve open space and neighborhood character.
Under the current R-1 zoning, both interior and corner lots are subject to a minimum lot area requirement of 1.5 acres, with 200 feet of lot width at the building line and 150 feet of frontage. Setback requirements are generous, with a 50-foot front yard setback, which increases to 150 feet when fronting a major thoroughfare. Side yard setbacks must be a minimum of 15 feet, with a total aggregate side yard of 40 feet, and rear yards require a 25-foot minimum, or 150 feet along a major thoroughfare.
Development on the property is further guided by coverage limitations, including a maximum building coverage of 15% and a maximum impervious surface coverage of 25%. Building heights are capped at 35 feet, with exceptions as outlined in Section 180-10 of the Township Code. These standards provide a clear framework for future subdivision or estate-style development, offering predictability and minimizing the need for variances.
Strategically located within proximity to local schools, retail corridors, and major regional transportation routes, 751 Garwood Road represents a rare opportunity to acquire a large, by-right residential development site in an affluent, supply-constrained market. The property offers both immediate development potential and long-term investment value in a community known for its strong demographics, top-tier schools, and stable land use planning.
PROPERTY FACTS
| Price | $2,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 15.46 AC |
| No. Lots | 1 | Cross Streets | Hartford |
| Property Type | Land | ||
| Zoning | R1 | ||
| Price | $2,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 15.46 AC |
| Cross Streets | Hartford |
| Zoning | R1 |
1 LOT AVAILABLE
Lot
| Price | $2,800,000 | Lot Size | 15.46 AC |
| Price Per AC | $181,136.11 |
| Price | $2,800,000 |
| Price Per AC | $181,136.11 |
| Lot Size | 15.46 AC |
DESCRIPTION
— Rare Large-Scale Residential Development Site: ±15.46-acre parcel in the highly desirable Moorestown Township, offering significant by-right development potential under R-1 zoning — Zoning Allows for Estate-Style Development: R-1 Residence District permits minimum 1.5-acre lots with generous setbacks and low-density planning, ideal for high-end single-family homes — Strong Market Fundamentals: Located within the acclaimed Moorestown Public School District; Surrounded by affluent residential neighborhoods with limited new supply — Zoning Certainty & Predictability: Clear dimensional and coverage standards minimize entitlement risk, with no need for variances under conforming subdivision layouts — Prime Location with Excellent Access: Minutes from retail, major roadways, and regional transit, offering privacy and convenience for future homeowners
PROPERTY TAXES
| Parcel Number | 22-07000-0000-00031 | Improvements Assessment | $0 |
| Land Assessment | $85,900 | Total Assessment | $85,900 |
PROPERTY TAXES
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751 Garwood Rd - Development Opportunity
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