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150 West Franklin Av W Franklin Avenue, Pennington, NJ 08534

$1,000,000

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List Price: $1,000,000
Days on Market: 56
Status: ACTIVE
MLS#: NJME2082816
Lot Size (Acres): 2.1
County: Mercer
School District: Hopewell Valley Regional Schools

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Property Description

Development opportunity! 2.1 acres zoned for Townhouse development at corner of Route 31/ West Franklin Ave in Pennington Boro. Concept plan is for 11 units, could be up to 16 units with creative design. Public Water and Sewer. See zoning regs on documents for specific requirements. There is a a 20% affordable housing set aside of the units for sale, 15% set aside if units are rental. Existing homes at 144 and 148 West Franklin Ave are excluded and will be subdivided. Buyer responsible for obtaining all permits. Property is located close to Timberland Middle School and Hopewell Valley Regional High School. Owner is in process of subdividing the two residential homes which are not included.

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Additional Information

Area: Pennington Boro (21108)
School District: Hopewell Valley Regional Schools
Elementary School: Toll Gate Grammar School
Middle School: Timberlane M.S.
High School: Hoval Reg
View: Creek/Stream
Water: Public
Sewer: Public Sewer