For Sale
$1,125,000

0 Hook AndPennsville Township, NJ 08070

73-Acre Residential Development Site

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Pennsville Township, NJ residential development opportunity on a 73.10-acre assemblage of two lots at South Broadway/Hook. Zoned for townhome development under an approved inclusionary zoning plan.
  • Conceptual plans show potential for approximately 152 townhomes. 40.18 acres of upland are available. All numbers subject to buyer due diligence.
  • Mostly clear and currently farmed; rollback taxes may apply.
  • Excellent opportunity for developers to address local housing needs with pre-approved zoning.

Property Details for 0 Hook And

Property type
Land
Lot Size (sq. ft)
1,750,241 SF

Location Insight

City
Pennsville Township
County
Salem
State
New Jersey
Latitude
39.6135692
Longitude
-75.5022659
Hook And, Pennsville Township, New Jersey

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