For Auction

$1 Auction – 2.5 AC New York MSA | $185K HH Income

321 Dover-Chester Road,
Randolph, NJ 07869
Represented by
Marcus & Millichap

Asset Snapshot

Real Estate
Asset Type
Land
Property Type
2.50 Acres
Land Area

Offering Summary

Investment Highlights

  • Development opportunity in North Jersey approximately 30 miles west of New York City
  • Zoned Residential-Single Family, R-1
  • Compelling Real Estate Fundamentals with a 2022 Population of ±71,027 and Median Household Income of ±$185,162 (5-Miles)
  • Median Randolph Home List Price = $674,900
  • Absolute $1 Auction – NO RESERVE!


Offering Details

Marcus & Millichap and RI Marketplace are pleased to present a ±2.5 AC undeveloped land parcel located at 321 Dover Chester Road in Randolph, New Jersey (the “Property”). This Property benefits from residential-single family zoning and offers an exceptional investment opportunity in an affluent market with a short 30-mile commute to New York City.

The Property is in Randolph Township in Morris County, New Jersey approximately 30 miles west of New York City. The Property is situated near the signalized intersection of Dover Chester Road and Calais Road and benefits from combined traffic counts of ±16,167 vehicles per day. Interstate 80 with direct access to New York City is less than 5 miles from the Property and nearby retailers include Walmart, Kohl’s, Home Depot, Burlington, At Home, Starbucks, Petco, and many others. As of 2022, there were approximately 71,027 residents with a median household income of $185,162 within a 5-mile radius.
 

Due Diligence

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Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

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Investment Sales Brokers

JH
John Horowitz
Marcus & Millichap
NJ License: 2192359

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.