Bypass years of costly municipal engineering, environmental review, and unpredictable zoning boards. This expansive 4.452-acre parcel (Block 1409, Lot 3.06) sits strategically within Bayville's HB (Highway Business) and R-100 (Residential) zones. The site has secured complete, final approvals for a 24-unit apartment building, eliminating all entitlement risk.
Development logistics are heavily optimized as all major utilities are already available at the street, saving significant off-site connection costs and acceleration delays.
The approved project features a diverse, highly marketable unit mix designed to capture maximum local demand. To elevate tenant retention and drive premium rental rates, the site layout explicitly features a dedicated Resident Storage Area and a private Recreati Area. Offered at $1,650,000, this is a premier asset for a developer looking to deploy capital and break ground immediately in a strong Ocean County rental market.
Approved Project & Unit Mix
" Total Density: 24 Residential Units
" Approved Unit Breakdown:
o 12 Two-Bedroom Units (Premium units for small families, downsizers, or roommates)
o 9 One-Bedroom Units (High-demand layout for young professionals and couples)
o 3 Studio Units (Efficient, entry-level layouts maximizing per-square-foot revenue)
" Resident Storage Area: Approved on-site storage infrastructure to generate additional monthly ancillary income.
" Recreation Area: Approved community amenity space to satisfy local planning standards and elevate property lifestyle appeal.
Strategic Location & Infrastructure Advantages
" Utilities at Street: All necessary public utilities are ready at the curb for immediate connection.
" HB & R-100 Zoning: Uniquely positioned across the Highway Business and Residential zones, bridging commercial convenience with neighborhood appeal.
" Transit Access: Located minutes from the Garden State Parkway, offering seamless northbound and southbound travel for regional commuters.
" Business District Proximity: Steps from the heart of the Bayville Business District along the Route 9 commercial corridor, giving residents immediate access to retail shopping, major grocery stores, and local dining.
" Generous 4.452-Acre Footprint: Provides ample space for efficient construction staging, generous parking ratios, required stormwater management, and buffered landscaping.
Investment Highlights
" Zero Entitlement Risk: Rare opportunity to purchase pre-approved land of this scale in South Jersey. Save hundreds of thousands in carrying costs and engineering fees.
" High-Performance Submarket: Capitalize on Ocean County's low vacancy rates and strong, upward rental pressure.