425 Liberty StLong Branch, NJ 07740

Exceptional 2.6-acre riverfront property in Long Branch, NJ, is available for $17,999,999. This 113,234 square foot lot boasts RC-2 Riverfront Residential Commercial zoning (345.29), offering diverse development potential. Permitted uses include townhouses (345.53), neighborhood commercial (345.32), and waterfront mixed residential, allowing up to 30 units per acre (345-55). The property currently houses a strip mall, but its true value lies in its redevelopment potential. A riparian grant is included, and preliminary assessments suggest the possibility of constructing up to 85 boat slips for 25-foot boats. The seller is offering a $1,200,000 credit towards the construction of a 3-bedroom townhouse of their choosing, with potential for up to 5 units. Note that all necessary approvals must be obtained by the buyer. An adjacent property at 401 Liberty St is also available for purchase at $949,000. Direct communication with current business owners or the property owner is prohibited. This is a unique opportunity for developers seeking a high-value riverfront project in a desirable New Jersey location. The property is located at 425 Liberty St, Long Branch, NJ 07740.