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Talmadge Ave Redevelopment Lot 1 Land Properties Offered at $2,000,000 in Bound Brook, NJ
Investment Highlights
- Building Size: The building will be a maximum of four stories and no taller than 50 feet.
- Affordable Housing: The remaining 12 apartments will be designated as affordable housing units.
- Parking and Transportation: The site will include at least 41 parking spaces and 46 bicycle spaces.
- Residential Apartments: The project will include 45 rental units. There will be 33 market-rate units (30 one-bedroom and 3 studios).
- Commercial Space: The ground level will feature 1,095 square feet of commercial or retail space.
- Amenities: Tenants will have access to on-site gym and office amenities.
Executive Summary
Three parcels being sold as a package deal in the heart of Bound Brook Talmadge Ave Redevelopment Corridor. Property consists of lots 8.02, 9 & 10 on block 4. This site already has an environmental study completed and cleared. Architectural, engineering and land surveys have already been completed. This property is ready to go before the planning board to seek approval for a 45 unit building. Currently on the site is an abandoned warehouse, a multi family home and a vacant lot. Owner financing can be negotiated. Please see attached drawings of potential property to be built. Conveniently located within short distance to commuter trains and downtown Bound Brook. Close to all major shopping and highways
Property Facts
| Price | $2,000,000 | Number of Properties | 3 |
| Sale Condition | Redevelopment Project | Individually For Sale | 0 |
| Sale Type | Investment | Total Land Area | 0.26 AC |
| Status | Active |
| Price | $2,000,000 |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 0.26 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 0 Talmage Ave, Bound Brook, NJ 08805 | Land | 0.26 AC | - |
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Talmadge Ave Redevelopment Lot
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