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Photo of 305 Union Avenue, Belleville NJ
305 Union Avenue
Belleville , NJ 07109
Bedrooms
3
Full Baths
3
Partial Baths
1
Acres
0.12
Lot Dimensions
54192 Sqft
Age
98
Heating
N/A
Fireplaces
1
Cooling
N/A
Garages
1
Basement
Finished
Taxes (2024)
$11,381
Parking
Off Street Parking
Additional Details Below

Description

Investor Special Dual Approved Project with Major Upside in Belleville. *This is a construction project*. House has been knocked down to the foundation. The buyer will be purchasing As-Is and will continue the construction. Buyer has 2 options. #1 Build a mixed-use building. This property has board approval for a new mixed-use building with: Two large one-bedroom apartments approximately 1240 and 1066 square feet. One two-bedroom apartment approximately 1115 square feet and two retail storefronts approximately 478 and 402 square feet, which can be combined. Indoor garage with space for 5 cars including EV charging. Shared office and lounge space approximately 813 square feet. The lot wraps around the corner with access from both Union Ave (stores) and Joralemon St (parking) and sits in a mixed-use zone close to shopping, transit, and development. Option #2 " build a new single family with 3 bedrooms and 3 bathrooms, construction plans available. Whether you move forward with the single-family renovation or build the approved mixed-use concept, this property offers multiple profitable exit strategies.

Location

Driving Directions

Property has access from Union ave and Joralemon st

Listing Details

Summary
Architectural Type

Colonial

Garage(s)

Detached Garage

Parking

Driveway-Exclusive, Off-Street Parking

Interior Features
Basement

Finished, French Drain

Rooms List

Kitchen: Separate Dining Area

Exterior Features
Roofing

Asphalt Shingle

Miscellaneous

Assessment : 282,200
Zoning:
Lattitude : 40.79429
Longitude : -74.15646
MLS# : 3971290
Views : 162
Listed By: of RE/MAX HOMELAND REALTORS

Notes

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