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Oak Ave 97.17 Acres of Residential Land Offered at $2,000,000 in Malaga, NJ 08328
Investment Highlights
- Perfect for residential subdivision!
- Larger lots, could be used for custom homes.
Executive Summary
This expansive 97.17-acre parcel presents a rare opportunity in Franklin Township, Gloucester County, offering significant potential for residential development. Situated near the intersection of Route 55 and Route 40, the property benefits from excellent regional connectivity and access to major transportation corridors. The location provides a balance of rural character with proximity to Malaga Lake and surrounding residential communities.
Zoned for Residential and Agricultural use, the site supports a range of development visions while preserving the scenic natural environment. Electrical easements are already present, and the property features wooded areas with access via paper roads from Oak Avenue along Route 40. Local authorities have confirmed acceptance for residential projects, making this an appealing option for developers seeking to capitalize on steady growth in Southern New Jersey.
The land is positioned within a dynamic area with convenient access to retail, dining, and schools, including the Delsea Regional School District. Just minutes from Route 55, the site ensures swift travel to nearby employment centers in Vineland, Millville, and beyond, as well as connections to Philadelphia and shore points. This property is ideal for developers and investors aiming to deliver new residential product in a region with proven demand and accessibility.
Zoned for Residential and Agricultural use, the site supports a range of development visions while preserving the scenic natural environment. Electrical easements are already present, and the property features wooded areas with access via paper roads from Oak Avenue along Route 40. Local authorities have confirmed acceptance for residential projects, making this an appealing option for developers seeking to capitalize on steady growth in Southern New Jersey.
The land is positioned within a dynamic area with convenient access to retail, dining, and schools, including the Delsea Regional School District. Just minutes from Route 55, the site ensures swift travel to nearby employment centers in Vineland, Millville, and beyond, as well as connections to Philadelphia and shore points. This property is ideal for developers and investors aiming to deliver new residential product in a region with proven demand and accessibility.
Property Facts Under Contract
| Price | $2,000,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 97.17 AC |
| Property Type | Land | ||
| Zoning | R - General Residential zoning. | ||
| Price | $2,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 97.17 AC |
| Zoning | R - General Residential zoning. |
1 Lot Available
Lot
| Price | $2,000,000 | Lot Size | 97.17 AC |
| Price Per AC | $20,582.48 |
| Price | $2,000,000 |
| Price Per AC | $20,582.48 |
| Lot Size | 97.17 AC |
97.17 Acres Zoned Residential/Agriculture. Located at the intersection of Route 55 and Route 40, going North on Rt. 55, on the East Side after Malaga/Elmer intersection. Access to paper roads for lots from Oak Avenue on Route 40 .
Description
97.17 Acres Zoned Residential/Agriculture. Located at the intersection of Route 55 and Route 40, going North on Rt. 55, on the East Side after Malaga/Elmer intersection. Access to paper roads for lots from Oak Avenue on Route 40 . Has Electrical Easement through property. No Back Taxes, No Wetlands, wooded lots ready to develop, close to Malaga Lake, in Franklin Township.
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Oak Ave