305 Union

Belleville, NJ 07109

Investor Special '' Dual Approved Project with Major Upside in BellevilleWelcome to 305 Union Ave, where your next profitable project is already in motion. The property is currently under renovation as a modern single-family home with 3 bedrooms, each with walk-in closets, 3 full bathrooms, a large finished attic, and a high-ceiling basement. Major work is underway with approved construction permits. The home was demoed down to the foundation with three standing walls to preserve its renovation classification. This property also includes approved site plans for a new mixed-use building with:Two large one-bedroom apartments approximately 1240 and 1066 square feetOne two-bedroom apartment approximately 1115 square feetTwo retail storefronts approximately 478 and 402 square feet, which can be combinedIndoor garage with space for 5 cars including EV chargingShared office and lounge space approximately 813 square feetThe lot wraps around the corner with access from both Union Ave and Joralemon St and sits in a mixed-use zone close to shopping, transit, and development. Whether you move forward with the single-family renovation or build the approved mixed-use concept, this property offers multiple profitable exit strategies.

Listing courtesy of Jose A Fernandez of RE/MAX Homeland Realtors



Properties marked with this logo are courtesy of the Monmouth Ocean Regional MLS. Data deemed reliable but not guaranteed. Monmouth Ocean Regional REALTORS ®