388 Old River Rd, Edgewater, NJ 07020

An exceptional opportunity for builders and investors is presented with this vacant land parcel located at 388 Old River Rd in Edgewater, New Jersey. Situated just minutes from New York City, this prime real estate offers significant development potential in a highly desirable Gold Coast location. The property is conveniently positioned within walking distance to a variety of premier shopping centers, diverse dining options, a daycare facility, and a medical office, further enhancing its appeal for commercial or residential projects. Its proximity to a NJ Transit bus stop ensures excellent connectivity and accessibility for future occupants or patrons.

The lot encompasses a total area of 7,053 square feet and is zoned MXD-1, a mixed-use district that permits a wide range of development types. Permitted uses include hotels, office spaces, multifamily residential units (situated above the first floor), retail and service establishments (excluding automobile sales), restaurants, financial institutions (without drive-through facilities), workshops for craftsmen with a retail component, childcare centers, and real estate offices. This versatile zoning designation supports the creation of a dynamic mixed-use development, catering to both commercial and residential needs within the community.

Currently, the property holds a building permit for the construction of a two-bay garage, complete with an engineering site plan for a retaining wall. Prospective buyers have the flexibility to apply for any modifications to these plans, allowing for customization to suit their specific development vision. The site offers a spectacular view of a freestanding building in New York, providing a unique backdrop and potential amenity for any future construction. This offering represents one of the last remaining undeveloped land parcels in this thriving town, making it a rare find in the current market.

The strategic location of this lot provides excellent exposure and numerous potential business uses. With ongoing mixed-use development, including a hotel, residential, and retail project, currently under construction directly across the street, this parcel is poised to benefit from the area's growth and revitalization. The combination of its prime Edgewater address, versatile zoning, and proximity to New York City makes this an ideal site for a forward-thinking development project.