Hook And Pennsville Township, NJ 08070

This exceptional 73.10-acre commercial land parcel, located at the intersection of South Hook and South Broadway in Pennsville Township, Salem County, New Jersey (zip code 08070), presents a remarkable residential development opportunity. The property, encompassing approximately 40.18 acres of upland, is currently being farmed and is largely clear, facilitating a streamlined development process. A court-approved inclusionary zoning plan already exists within the township, making this site ideally suited for townhome construction. Previous conceptual plans indicated the potential for approximately 152 townhomes. The property's strategic location offers convenient access to major retail centers and public transportation via nearby bus routes. The asking price is $1,125,000. All figures are subject to buyer due diligence and necessary approvals, as existing plans are conceptual. Note that due to the land's current agricultural use, rollback taxes may apply. This represents a significant opportunity for developers to address the area's housing demand while leveraging pre-existing zoning approvals. The property's size and location make it a highly attractive investment for those seeking a prime residential development project in a well-situated New Jersey community.