701 Scotland Rd

Investment Overview

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.

Investment Highlights

• 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