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- LoopNet Team
82 County Ave
Secaucus, NJ 07094
Land For Sale
·
0.64 AC
INVESTMENT HIGHLIGHTS
- Secaucus is experiencing significant economic growth, with ongoing development projects and business expansions.
- Secaucus offers a strategic location with excellent connectivity. It's just a short train ride away from New York City
- The town is home to numerous parks, shopping centers, and dining options.
- Rare opportunity for condominium development, with unparalleled potential for investment income.
PROPERTY FACTS
DESCRIPTION
Introducing a rare investment opportunity in Secaucus: a premium parcel of land, ready for development, just a short walk from the Secaucus Train Station with direct access to New York City and easy access to the NJ Turnpike, making it an ideal spot for commuters and city enthusiasts alike. This fully approved project encompasses 23 residential units plus retail space, with all units designed for modern living, featuring two bedrooms and two bathrooms. One of the units is a duplex, adding to the unique appeal of the development. Key features include a fitness center, electric vehicle charging stations, and ample storage facilities. With comparable rents in the area ranging from $3,900 to $5,100, this project ensures high demand and substantial rental income potential. For those considering sales, developers can create a condo book, with units projected to sell for approximately $899,000 each. Some units even offer stunning NYC views, adding significant value and appeal. This property stands out in the market due to its strategic location, premium features, and lack of comparable condominium competition in Secaucus. Investors and developers have the unique opportunity to set their own prices, capitalizing on the high demand and limited supply in this sought-after area. Whether you're an investor looking for a lucrative rental property or a developer aiming to create a premium condominium complex, this parcel offers unparalleled potential. Call or email with any questions. 201-289-6329
