Enter into a world of endless potential with this expansive property, spread out over approximately 1.9 acres of zoned R125 land, complete with a beautiful home nestled in its soothing boundaries. A backyard that stretches for an astounding 600 feet sets a scenic backdrop for daily existence - a feature that stands out vividly in the survey shared in the ad.
Although surrounded by commercial activities unfolding on two adjacent properties thanks to a Commercial zone (H1C) by Ridgewood and a commercial use variance given across Paramus Road, the property holds a distinct charm. More than just its current residential usage under R125, it offers a myriad of conversion possibilities, each one as enticing as the other. From community residences and group homes to other conditional uses, it is a canvas ready to transform with the imagination of its new owner.
However, the true potential of the property shines in its adaptability for use variance approved by the Village of Ridgewood or even a re-zoning. Imagine channeling your construction prowess into a row of charming 18 to 20 townhomes or age-restricted townhomes. A building with 45 to 50 elegant apartments or age-restricted apartments has the potential to become a hot property for residents, while mixed usage or assisted living facilities could reap lucrative commercial benefits. The property is also ripe for development as a nursing home or transitional zoning use.
Can there be a better opportunity for developers targeting the NJ State Affordable Housing demand, given the New Jersey State Fair Share Housing mandates, criteria, and requirements? This property could fit snuggly into the Village of Ridgewood Zones like AH-2 Affordable Housing District (190-18.3) or AH-3 Affordable Housing District (190-18.6) and could become a landmark for affordable housing.
Interested investors or developers who wish to exploit this property's potential are encouraged to reach out with their proposals. The home invites a distinct, large-scale opportunity in a space almost entirely surrounded by burgeoning Commercial activities. Show us your vision and let's shape dreams into reality together.
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