17 AC Resi Assemblage NYC MSA | 163K VPD | HH Income.
Marketplace Online Auction | September 27-29, 2022
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±17 AC Development Opportunity in Affluent New York Msa
Zoned Single Family Residence Zone Low Density (R-45)
Adjacent Home Recently Sold for Access to Garden State Parkway for Easy Commutes and Benefitting from Traffic Counts of 163k Vpd
Compelling Real Estate Fundamentals with a 2022 Population of ±117,173 and Ahhi of (5-Miles)
Marcus & Millichap and RI Marketplace are pleased to present a ±17 AC undeveloped land opportunity located at 1114 W Nut Swamp Road in Middletown, New Jersey (the “Assemblage”). This Property offers an exceptional investment opportunity in an affluent market with direct access to the Garden State Parkway and greater New York metro.
The Assemblage consists of three parcels totaling 17 acres near the intersection of Crawfords Corner Road and W Nut Swamp Road. The Assemblage is situated proximate to the Garden State Parkway with direct access to Red Hill Road, Exit 114. Nearby amenities include Sunnyside Equestrian Center, Memorial Sloan Kettering Cancer Center, and Bell Works which is a large-scale mixed-use building with office, retail, entertainment, and fitness. The Property benefits from favorable R-45 (Single Family Residence Zone Low Density) zoning that allows for construction of multiple homes on the 17-acre tract. The assemblage is surrounded by several estate communities with the adjacent home selling for in 2020. New construction at the Estates at Bamm Hollow are approximately 1.5 miles away with starting prices at The opportunity exists to purchase this well-located assemblage below market value in a dynamic residential submarket.
The Property is in Monmouth County, New Jersey approximately 50 miles due south of Manhattan. The Property benefits from traffic counts of approximately 163,000 vehicles per day on the Garden State Parkway. As of 2022, there were approximately 117,173 residents with an average household income of 51,327 within a 5-mile radius.
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Richard G. Warner
c/o Fisher Auction Company Inc.