$585,000
360 Plainfield Avenue, Berkeley Heights, NJ
- 2 Beds
- 1 Baths
- 900 SQFT
Type:
SFR
Berkeley Heights NJ | New Build Opportunity | ABV $1.575m
This 2-bedroom, 1-bath single-family home offers a prime redevelopment play in a strong Berkeley Heights market. Sitting on a .287-acre lot, the property’s highest and best use is to knock down the existing structure and build new, with an after-build value estimated at $1.575M.
ASKING PRICE: $585k
Property Highlights
- Single Family
- 2 Bedrooms / 1 Bathroom
- Interior Size: 900 sqft
- Lot Size: .287 acres
- Zoning: R-15
- Zoning Setbacks LInk
- Driveway, access is on Washington Ave
- New build would be oriented facing Washington Ave
Investment Potential
- After Build Value (ABV): ~$1,575,000
- Ideal for builders and developers targeting high-end resale
- Strong market demand for new construction in Berkeley Heights
- Delivered Vacant
- Currently tenant-occupied, will be vacant after September 30th
Utilities
- Water: Public
- Sewer: Public
- Heating: TBD (existing structure to be removed)
- Cooling: TBD (existing structure to be removed)
NEW BUILD COMPS
6 Harding Dr, Berkeley Heights Twp, NJ 07922- SOLD $1.75m
88 Lenape Ln, Berkeley Heights Twp, NJ 07922- SOLD $1.525m
288 Garfield St, Berkeley Heights Twp, NJ 07922- SOLD $1.41m
286 Washington St, Berkeley Heights Twp, NJ 07922- SOLD $1.36m
439 Plainfiled Ave, Berkeley Heights Twp, NJ 07922_ SOLD $1.125m