An exceptional opportunity is presented for investors, builders, and prospective homeowners seeking to develop a custom residence. This property, located at 525 Teaneck Road in Ridgefield Park, New Jersey, offers the potential for city skyline views. The expansive residential lot measures approximately 60 x 315 feet and is currently undergoing a subdivision process initiated by the seller. This rare offering, subject to approval, provides a unique chance to construct a new home on a deep property within a highly sought-after area.
The land is zoned for residential use, offering a foundation for a new build. The property's substantial dimensions provide ample space for development. Built in 1899, the existing structures on the lot are not the primary focus of this offering, which centers on the development potential of the land itself. The annual property taxes are listed at $10,000, providing a financial detail for potential buyers.
This location offers significant advantages due to its proximity to essential services and transportation links. Residents will find themselves conveniently situated near schools, various houses of worship, diverse shopping options, and local parks. Access to New York City transportation and major highways is also readily available, facilitating commutes and travel.
This offering represents a unique chance to acquire a prime parcel of real estate with considerable development potential. The deep lot size and desirable location in Ridgefield Park, Bergen County, make it an attractive prospect for those looking to create a bespoke living environment or for strategic investment purposes. The surrounding neighborhoods include South Teaneck, South Street, and Euclid.
Russo Real Estate
201-694-3042
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