This residential property located at 404 Crest Drive in Northvale, NJ, presents a unique opportunity for builders and investors. Situated in a highly sought-after area, the property is being offered strictly "as-is" for its land and structure value. The existing structure has sustained extensive fire damage, rendering it uninhabitable. Prospective buyers are encouraged to bring their architectural plans and envision the potential for constructing a custom dream home or a new investment project on this desirable lot.
The property is positioned within a quiet, established neighborhood known for its top-rated schools, providing an attractive setting for future development. Its location offers convenient access to major commuter routes, facilitating easy travel to surrounding areas. Additionally, residents will appreciate the proximity to local shopping centers and recreational parks, enhancing the overall appeal of the neighborhood for potential future occupants.
Buyers will be solely responsible for all necessary municipal approvals, demolition of the existing structure, obtaining permits, and conducting all required due diligence. This is a cash-only transaction, and a quick closing is preferred. The property's current condition necessitates a thorough evaluation by interested parties to understand the scope of work involved in any redevelopment or rebuilding efforts.
Built in 1956, the property has a lot size of 0.230 acres, with a frontage length of 79 feet. The total finished square footage of the existing structure is 1,583 square feet, spread across a split-level design with multiple levels. The property features baseboard heating powered by natural gas, but currently has no cooling system. Parking information is available for review as indicated in the remarks. Annual property taxes are approximately $12,836.
This offering is an ideal scenario for those looking to acquire land in a prime Northvale location with the intention of a complete rebuild. The surrounding area's amenities, coupled with the potential for a custom-designed residence, make this a compelling prospect for strategic real estate investment. Please note that entry into the property or structure is prohibited for safety reasons.
Coldwell Banker, Wyckoff/Franklin Lakes
201-747-1112
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