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$2,900,000

Est. payment - /mo

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35.09 Acres Lot

Under Contract

50 Drakestown Rd Mount Olive Twp., NJ 07840

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Youssef Genid

info@roglegend.com +1(973) 772-0660

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4006859

Year Built 1820

Annual Tax Amount $32,614

Tax Year 2024

Lot Size 35.090 Acres

Property Description

Unique commercially zoned property. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, current permit for 10 furnished rooms in main house. An efficiency apartment in main residence The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.

Location

State NJ

County Morris

Zoning Commercial

Rooms

Basement Storage, Unfinished

Interior

Heating Oil Tank Below Ground, Wood

Cooling No Cool

Flooring Carpeting, Tile, Wood

Equipment See Remarks

Heat Source Oil Tank Below Ground, Wood

Exterior

Exterior Feature Composition Shingle

Utilities Available Electric, See Remarks

Roof Type Flat, Wood Shingle

Building

Lot Description Open Lot, Wooded Lot

Story 3

Sewer Cesspool, Private

Water See Remarks

Others

Ownership Fee Simple

Virtual Tour https://www.tourbuzz.net/public/vtour/display?idx=1&mlsId=60&tourId=2369003

Listed by COLDWELL BANKER REALTY

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Youssef Genid

Broker | License ID: 9701533

+1(973) 772-0660

50 Drakestown Rd Mount Olive Twp., NJ 07840

Youssef Genid

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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50 Drakestown Rd