An exceptional land opportunity is presented at 20 N. Farview Ave in Paramus, NJ. This offering features a legal four-family residence situated on an expansive parcel of approximately 46,000 square feet, equating to over one acre of prime land within a highly sought-after Bergen County community. The property's significant value is derived from its substantial land size, providing considerable potential for developers, builders, investors, or end-users looking for a premier location with substantial upside.
The current configuration includes a four-family dwelling along with a detached carriage house, offering immediate income-generating possibilities while future plans are considered. This property is surrounded by high-end residences and benefits from a convenient location, providing easy access to major highways, shopping centers, parks, and highly-rated schools. Opportunities of this scale and caliber are rarely available in the Paramus market, making this a noteworthy acquisition.
With seven bedrooms and four and a half bathrooms, the existing structure provides a foundation for various possibilities. The property is equipped with gas heating and wall A/C units for cooling. Parking is ample, with 12 parking spaces available, including one garage space. The property was built in 1904, and the lot size is approximately 1.06 acres. Public water and public sewer services are connected.
This offering is ideal for those seeking to redevelop the site, expand an investment portfolio, or secure a unique property with significant long-term appreciation potential. The property's location in Paramus, NJ, combined with its extensive land area and existing income-generating units, presents a truly one-of-a-kind opportunity for discerning buyers.
EXP REALTY, LLC
EXP REALTY, LLC
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