Absolute Auction, 2.5 AC Land

Land Description

$1 Auction - 2.5 AC New York MSA | $185K HH Income.

Marketplace Online Auction | Oct. 17-19, 2022

All bidders must register with Marketplace to participate in the auction, see details below.

Investment Highlights

Development opportunity in North Jersey approximately 30 miles west of New York City

Zoned Residential-Single Family, R-1

Compelling Real Estate Fundamentals with a 2022 Population of ±71,027 and Median Household Income of ±$185,162 (5-Miles)

Median Randolph Home List Price $674,900

Absolute $1 Auction - NO Reserve.

Offering Details

Marcus & Millichap and RI Marketplace are pleased to present a ±2.5 AC undeveloped land parcel located at 321 Dover Chester Road in Randolph, New Jersey (the “Property”). This Property benefits from residential-single family zoning and offers an exceptional investment opportunity in an affluent market with a short 30-mile commute to New York City.

The Property is in Randolph Township in Morris County, New Jersey approximately 30 miles west of New York City. The Property is situated near the signalized intersection of Dover Chester Road and Calais Road and benefits from combined traffic counts of ±16,167 vehicles per day. Interstate 80 with direct access to New York City is less than 5 miles from the Property and nearby retailers include Walmart, Kohl's, Home Depot, Burlington, At Home, Starbucks, Petco, and many others. As of 2022, there were approximately 71,027 residents with a median household income of $185,162 within a 5-mile radius.

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Richard G. Warner

Fisher Auction Company Inc.

License: 0120281