NJ
Morris
Mount Olive Twp.
07840
50 Drakestown Rd
50 Drakestown Rd, Mount Olive Twp., NJ 07840
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Listing Type
Commercial/Industrial
Listing Status
Active
49
$2,900,000

Home Details for 50 Drakestown Rd

Price
$2,900,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1820
Lot size acres
35.09
County
Morris
Garage
Basement
Unfinished
Days on site
35
MLS Listing#
4006859
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.

Property Features
  • Heating Information
    • Oil
    • Wood
    • Hot Water
    • Radiant
    • Zoned
  • Parking
    • Circular Driveway
  • Basement
    • Unfinished
Listing Courtesy: COLDWELL BANKER REALTY - 908-879-4900
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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