620 Colonial Rd, Franklin Lakes, NJ 07417

This offering at 620 Colonial Road in Franklin Lakes, NJ presents a unique opportunity for investors and developers. The property encompasses over 7 acres, with a significant portion designated as wetlands. A stream also traverses the land, contributing to its natural landscape. The buildable area is approximately 1.8 acres, zoned specifically for senior housing development.

The location in Franklin Lakes, Bergen County, provides a desirable setting for potential projects. While the majority of the acreage is comprised of wetlands and the stream, the designated buildable section offers a foundation for a specialized housing community. This configuration requires careful consideration of environmental factors and zoning regulations during the planning phase.

The property is situated in a region with established neighborhoods such as Hartung, Pines Lake, and Knolls. The price point of $595,000 for the total acreage, including the buildable land and natural features, positions this as a strategic acquisition for those looking to develop senior housing. The zoning for senior housing is a key aspect for any prospective buyer focused on this market segment.

Prospective buyers are encouraged to conduct thorough due diligence regarding the buildable acreage, wetland delineation, and all applicable zoning ordinances and development requirements. The unique characteristics of this parcel, including its waterfront features on a lake, present both challenges and opportunities for a well-planned development. This property is being offered for sale as vacant land.