524 Morristown Rd Matawan, NJ 07747
Estimated payment $11,335/month
About This Lot
Commercial Lot For Sale - EDO-1 Zoning | Extensive Due Diligence Completed An outstanding opportunity to acquire a strategically located commercial lot zoned EDO-1 ideal for a wide range of commercial uses. This property comes with substantial due diligence already completed worth over $300,000.00, reducing time and cost for prospective developers or end-users. Property Highlights: Zoning: EDO-1 Preliminary Development Work Completed: Preliminary & Final site plan prepared for a proposed 47,000 SF building - application currently in front of Old Bridge Planning. Buyer can create their own new plan as needed. Comprehensive Due Diligence Already Completed: - Full Property Survey - Soil Boring and Subsurface Investigation Report - NJDEP LOI Line Verification - Traffic Impact Report Utilities: Major utilities available at or near the site (buyer to verify). Prime Location: Excellent access to highways, transportation routes, and regional business centers. This is a development-ready site in a high-demand economic zone, with significant upfront work completed to support a smooth entitlement and construction process. Ideal for developers, users, or investors looking to capitalize on a ready-to-go opportunity.
Property Details
Property Type
- Land
Est. Annual Taxes
- $9,338
Lot Details
- 4.77 Acre Lot
- Lot Dimensions are 910.00 x 228.00
- Property fronts a county road
- Cleared Lot
- Property is zoned SD3
Utilities
- Septic Tank
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,720 | $169,100 | $155,300 | $13,800 |
| 2024 | $9,338 | $169,100 | $155,300 | $13,800 |
| 2023 | $9,338 | $169,100 | $155,300 | $13,800 |
| 2022 | $9,049 | $169,100 | $155,300 | $13,800 |
| 2021 | $8,900 | $169,100 | $155,300 | $13,800 |
| 2020 | $8,792 | $169,100 | $155,300 | $13,800 |
| 2019 | $11,139 | $217,600 | $155,300 | $62,300 |
| 2018 | $11,004 | $217,600 | $155,300 | $62,300 |
| 2017 | $10,667 | $217,600 | $155,300 | $62,300 |
| 2016 | $10,449 | $217,600 | $155,300 | $62,300 |
| 2015 | $10,273 | $217,600 | $155,300 | $62,300 |
| 2014 | $10,166 | $217,600 | $155,300 | $62,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $1,999,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $275,000 | Chicago Title Insurance Comp | |
| Deed | -- | Chicago Title Insurance Co | |
| Deed | $395,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $150,000 | Purchase Money Mortgage |
Source: All Jersey MLS
MLS Number: 2602895R
APN: 15-03230-0000-00039-11
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