L16 S Broadway

Pennsville, NJ 08070

Residential Development opportunity located at South Broadway/Hook within Pennsville Township. The assemblage of lots (2) creates a prime parcel of land suitable for townhome development under the Townships Court-approved and previously adopted inclusionary zoning plan. The site is close to major retail centers and bus routes. Previous conceptual plans envisioned the construction of approximately 152 townhomes. This 73.10-acre property includes 40.18 acres of upland (approximate), providing ample space for residential development.All numbers are subject to buyer due diligence and approvals, as the current plans are conceptual. Currently, the land is mostly clear and being farmed, which enhances its readiness for future development. Rollback taxes may apply due to its agricultural use. This site represents a valuable opportunity for developers looking to contribute to the housing needs of the area while benefiting from established zoning agreements.Please see attached documents relating to the COAH requirements and inclusionary zoning.