701 Scotland Road
- 0.367-acre redevelopment site
- By-right multifamily: up to 55 units
- Steps from Mountain Station NJ Transit
- Located in a revitalizing area
- Ideal for urban infill investment
Property Description
701 Scotland Road, Orange, NJ is a compelling income-producing redevelopment opportunity situated on a 0.367-acre parcel within the City of Orange’s Scattered Sites Redevelopment Plan. The property is currently improved with a three-family residential building, supplemented by storage units located at the rear of the site, providing in-place cash flow while a buyer advances entitlements and development planning. For an investor or developer, the asset offers a rare combination of near-term income and clear long-term upside, as the site supports by-right development of up to 55 residential units in a six-story building. Its scale, zoning certainty, and transit-oriented location near Mountain Station position the property as an ideal covered land play with strong redevelopment potential in a market experiencing continued reinvestment and demand for multifamily housing.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Lot Size: | 0.37 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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