830 River Rd, Edgewater, NJ 07020

An expansive 11,395 square foot lot is available for development in the dynamic Borough of Edgewater, New Jersey. This property is situated in a location ripe for growth and transformation, offering significant potential for future projects. The existing mixed-use building on the site currently houses a fully renovated three-bedroom apartment, which is presently leased and generating $3,500.00 in monthly rental income. This provides an immediate revenue stream while plans for the site are considered.

The property also features a ground-floor commercial space, currently utilized by the owner. Additionally, a substantial rear area of the lot is dedicated to the storage of impounded vehicles, indicating the property's capacity for various operational needs. The zoning description for this parcel is listed as Industrial, which may accommodate a range of commercial or industrial development opportunities, subject to local regulations and approvals.

The apartment within the mixed-use building underwent a comprehensive renovation in 2023, ensuring modern living standards and appeal. This recent upgrade enhances the property's value and attractiveness, whether retained for rental income or as part of a larger redevelopment strategy. The property's location in the heart of Edgewater positions it within a community experiencing continuous evolution and development.

This offering represents a notable opportunity for investors and developers looking to capitalize on the strategic location and the inherent potential of the land. The combination of a substantial lot size, existing income-generating unit, and a versatile commercial space makes 830 River Road a compelling prospect for those seeking to engage in the Edgewater market. Further details regarding the property's specific development potential would require consultation with local planning and zoning authorities.