68-74 RIDGEDALE AVE $3,649,000


    68-74 RIDGEDALE AVE Morristown Town, NJ 07960

    • 0.86 Acres
    • Lots and Land
    MLS# 3495592 | Active


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    Days On Market: 182 2 Views
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    Calling all savvy builders and developers! Lucrative opportunity to build in the HOT HOT HOT MORRISTOWN! A shovel-ready turn key development opportunity for 29condos w/52 parking spots $2mm profit! In the heart of one of NJ's most established & sought after neighborhoods. With Building permits approved & ready! As-is appraisal came in at $4,225,000 by Otteau appraisers & gross sell out of units at $13.4mm. Appraisal available upon request. It's not everyday you come across a true turn-key opportunity like this with over $2mm in potential profit. All documents available. Building permits are ready in the city of Morristown, environmental all clean. Turn Key ready to go! Won't Last Long! All units with descriptions are all available including plans, site plan, etc. ALL DOCUMENTS ARE AVAILABLE! TURNK KEY


    David F Shapiro

    Broker / Sales Associate

    RE/MAX First Choice Realtors II-Commercial Division

    Direct: 973-713-8319


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    Market Last 30 Days

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $3,649,000
    10/22/2018 11:10:13 AM Price Reduced Source New Value: $3,649,000 -2.67%
    8/17/2018 8:26:00 PM New in Database Source New Value: $3,749,000

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