For Sale
$5,000,000

516 Delsea DrClayton, NJ 08312

NJ Multifamily Land, Approved Plans

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: 112-unit multifamily development site in Clayton, NJ, encompassing 5.8 acres. This approved project features five three-story buildings with a mix of 100 market-rate and 12 affordable one- and two-bedroom units. Conveniently located less than four miles from Rowan University, the site boasts energy-efficient design, resulting in significant tax incentives. Attractive amenities include a residents' lounge, party room, 24/7 mini-market, Amazon lockers, fitness center, conference/business center, outdoor pickleball court, terrace with fire pit, ping pong table, and walking path. The total land area is 126,447 square feet, offering a compelling opportunity for immediate development. The project's comprehensive site plan has received full township approval, minimizing potential delays. This prime location and well-designed development plan present a strong return on investment. The asking price is $5,000,000.

Highlights

  • 112-unit multifamily development site on 5.8 acres in Clayton, NJ.
  • Mix of 100 market-rate and 12 affordable one- and two-bedroom units in five three-story buildings.
  • Less than four miles from Rowan University.
  • Energy-efficient design resulting in significant tax incentives.
  • Amenities include a resident lounge, party room, 24/7 mini-market, Amazon lockers, fitness center, business center, pickleball court, and outdoor terrace.

Property Details for 516 Delsea Dr

Property type
Land

Location Insight

City
Clayton
County
Gloucester
State
New Jersey
Latitude
39.648958
Longitude
-75.0909099
516 Delsea Dr, Clayton, New Jersey

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516 Delsea Dr
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