$1,999,000

524 Morristown Rd Matawan, NJ 07747

Estimated payment $11,670/month

Total Views 154
4.77 Acres
$418,726 Price per Acre
207,956 Sq Ft Lot

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.

Listing Agent

Saghir Ahmed

SPALL REALTY CORP Listed on: 08/19/2025

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

Property Details

Property Type

Land

Est. Annual Taxes

$9,338

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Lot Size Acres: 4.774
  • Lot Size: 910.00 x 228.00
  • Road Frontage Type: County Road, See Remarks
  • Road Surface Type: Asphalt
  • Ownership: Corporation
  • Architectural Style: Remarks
  • Special Features: None

Exterior Features

  • Lot Features: See Remarks, Cleared
  • Topography: See Remarks
  • Other Structures: See Remarks

Utilities

  • Gas Company: In Street
  • Electric: See Remarks
  • Sewer: Septic Tank
  • Utilities: See Remarks, Water Available
  • Water Source: On Property

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 207955
  • Zoning: SD3

Tax Info

  • Tax Annual Amount: 9338
  • Tax Year: 2023

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 For Sale $1,999,000 -- --
Source: All Jersey MLS

Purchase History

Date Type Sale Price Title Company
Deed $275,000 Chicago Title Insurance Comp
Deed -- Chicago Title Insurance Co
Deed $395,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Purchase Money Mortgage
Previous Owner $150,000 Unknown
Source: Public Records

Source: All Jersey MLS

MLS Number: 2602895R

All Jersey MLS

APN: 15-03230-0000-00039-11