Bought with Non Subscribing Member • Non Member Office
$600,000
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10,875 Sqft Lot
SOLD DATE : 09/09/2016
Key Details
Sold Price $600,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1002635450
Sold Date 09/09/16
HOA Y/N N
Tax Year 2015
Lot Size 10,875 Sqft
Acres 0.25
Lot Dimensions 0, LotWidth:0
Source TREND
Property Description
The owner has received major subdivision approval for three residential buildings lots each having a dimension of 50' along County Road 563 and a depth of 75' (3,750 SF each; the plan provides for the 3 lots and resulting land to be retained by the owner. Owner is in the process of perfecting the major subdivision. Owner may allocate a pre-determined amount of the list price to raze the existing school building, address any environmental issues and effectively have the site "shovel ready" for construction of the three residential homes. It is estimated all issues to be resolved and allowing residential construction to commence in summer 2015. EXISTING SCHOOL BUILDING SHALL BE DEMOLISHED.
Location
State NJ
County Atlantic
Area Margate City (20116)
Zoning S25
Rooms
Other Rooms Primary Bedroom
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone Available, Cable TV Available
Water Access N
Street Surface Paved,Other
Garage N
Building
Lot Description Subdivision Possible, Interior
Sewer No Septic System, Public Sewer
Water Public
New Construction N
Schools
School District Margate City Schools
Others
Ownership Fee Simple
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