UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Land
Listing Status Active
Purchase Type For Sale
Municipality Berkeley (BER)
Subdivision Berkeley Twp
MLS Listing ID 22620699
Lot Size 4.450 Acres
Acres 4.45
Property Sub-Type Residential Land
Source MOREMLS (Monmouth Ocean Regional REALTORS®)
Property Description
Development logistics are heavily optimized as all major utilities are already available at the street, saving significant off-site connection costs and acceleration delays.
The approved project features a diverse, highly marketable unit mix designed to capture maximum local demand. To elevate tenant retention and drive premium rental rates, the site layout explicitly features a dedicated Resident Storage Area and a private Recreati Area. Offered at $1,650,000, this is a premier asset for a developer looking to deploy capital and break ground immediately in a strong Ocean County rental market.
Approved Project & Unit Mix
" Total Density: 24 Residential Units
" Approved Unit Breakdown:
o 12 Two-Bedroom Units (Premium units for small families, downsizers, or roommates)
o 9 One-Bedroom Units (High-demand layout for young professionals and couples)
o 3 Studio Units (Efficient, entry-level layouts maximizing per-square-foot revenue)
" Resident Storage Area: Approved on-site storage infrastructure to generate additional monthly ancillary income.
" Recreation Area: Approved community amenity space to satisfy local planning standards and elevate property lifestyle appeal.
Strategic Location & Infrastructure Advantages
" Utilities at Street: All necessary public utilities are ready at the curb for immediate connection.
" HB & R-100 Zoning: Uniquely positioned across the Highway Business and Residential zones, bridging commercial convenience with neighborhood appeal.
" Transit Access: Located minutes from the Garden State Parkway, offering seamless northbound and southbound travel for regional commuters.
" Business District Proximity: Steps from the heart of the Bayville Business District along the Route 9 commercial corridor, giving residents immediate access to retail shopping, major grocery stores, and local dining.
" Generous 4.452-Acre Footprint: Provides ample space for efficient construction staging, generous parking ratios, required stormwater management, and buffered landscaping.
Investment Highlights
" Zero Entitlement Risk: Rare opportunity to purchase pre-approved land of this scale in South Jersey. Save hundreds of thousands in carrying costs and engineering fees.
" High-Performance Submarket: Capitalize on Ocean County's low vacancy rates and strong, upward rental pressure.
Location
State NJ
County Ocean
Area Bayville
Building/Complex Name Berkeley Twp
Direction Route 9 South from Toms River. Left on Butler Blvd, then quick right onto Tallwood Way. Property is on the left side, about 100 yards from Butler Blvd.
Exterior
Private Pool No
Building
Lot Description Irregular Lot, Level, Wooded, Multi-Lot Subdivision, Possible Subdivision
Schools
Middle Schools Central Reg Middle
Others
Senior Community No
Tax ID 00-00000-0000-00001
NEARBY SCHOOLS & PROPERTIES
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G.K. Cheung
Broker of Record | License ID: 1120283
Broker of Record License ID: 1120283