580 N Midland Ave, Saddle Brook, NJ 07663

This 0.72-acre property located at 580 N Midland Ave in Saddle Brook, NJ 07663 presents a significant redevelopment opportunity. The site has received approval for the construction of either 12 age-restricted (55+) apartments, comprising 9 market-rate units and 3 affordable units, or 10 supportive needs apartments. This flexibility in approved uses caters to diverse housing demands within the area.

Currently, the property features a single-family home that is occupied by a month-to-month tenant, offering potential for immediate income generation or vacant possession depending on the buyer's strategy. The surrounding area benefits from strong demographics and numerous demand drivers, indicating a robust market for residential development. The strategic location in Bergen County further enhances its appeal for investors and developers.

Accessibility is a key advantage of this property. Broadway Station in Fair Lawn, providing NJ Transit train service directly to New York City, is situated only one-half mile away. Additionally, bus service is available along North Midland Avenue, offering convenient transportation options to New York City and throughout Bergen County. This proximity to public transit and major employment centers is a critical factor for residential desirability.

The zoning for this property includes AHOZ-5A, AHOZ-5B, and AHOZ-6, reflecting the specific regulations governing the approved redevelopment plans. This parcel is categorized as an investment property with a residential subtype, underscoring its potential for generating returns through rental income or appreciation. The combination of approved density, strategic location, and excellent transportation links makes this a compelling opportunity for those looking to develop in a high-demand market.