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157 Route 520

MLS Number: NJ371547
Price : $4,750,000
Type: Acreage
Features: N/A
Acreage : 26.40
State: New Jersey
County: Monmouth
Status: Active
Property Documents: N/A

A rare find....26.4 acre Parcel in Marlboro adjacent to Cannon Hills. Looking at the map it seems to be a ''clean'' piece. Owner had pre-approvals but they have since lapsed. Can be a 5 lot subdivision for custom homes with a 5 acre minimum. As per township, a cluster provision would allow homes on this lot at 55,000 sq. ft. lot minimum if a percentage of the land is left for open space. Lots are located close to major roads for commuting and is convenient for shopping. Seller will allow a due diligence time frame. Now zoned Farm. Taxes would have to be reassessed and there is a 5 year rollback on the taxes.

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