Multi-Family

Howell 360

1400 Route 9, Howell, NJ 07731

Listing Price: $9,000,000

Lot Size
20.03 acres
Price/Acre
$449,326
Land Type
Land
Buildable Square Feet
455,935

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the fee simple interest in "Howell 360". This development offers a developer the as-of-right opportunity to construct 360 units and clubhouse on 20.03 acres in Howell, Monmouth County, New Jersey.

The Howell 360 multifamily development site is an opportunity to develop 252 market rate units, 108 affordable units, and a clubhouse on over 20 acres located at the traffic light jug-handle intersection of Route 9. The wooded land provides new ownership with economies of scale to maximize the lands as-of-right ability to develop 360 units with the maximum building floor area of over onemillion square feet. An incoming developer will immediately be able to access all major utilities.

Thesite is situated along the highly trafficked Route 9 corridor, between Interstate 195 to the south and Route 33 to the north, in Central New Jerseys Monmouth County. The property is located within minutes to NJ Transit Rail with direct access to New York City and a NJ Transit Bus Stop directly in front of the property at the traffic light jug handle intersection.

Investment Highlights

  • Density: 97,017 People with an Average Household Income of $121,339
  • Site: As of Right,Site Approved for 360 Multi-Family Units.
  • Utilities: All major utilities accessible.
  • Unit Mix: 252 Market Rate Units / 108 Affordable Units

Exclusively Listed By

Listing Price: $9,000,000

Lot Size
20.03 acres
Price/Acre
$449,326
Land Type
Land
Buildable Square Feet
455,935

Investment Highlights

  • Density: 97,017 People with an Average Household Income of $121,339
  • Site: As of Right,Site Approved for 360 Multi-Family Units.
  • Utilities: All major utilities accessible.
  • Unit Mix: 252 Market Rate Units / 108 Affordable Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the fee simple interest in "Howell 360". This development offers a developer the as-of-right opportunity to construct 360 units and clubhouse on 20.03 acres in Howell, Monmouth County, New Jersey.

The Howell 360 multifamily development site is an opportunity to develop 252 market rate units, 108 affordable units, and a clubhouse on over 20 acres located at the traffic light jug-handle intersection of Route 9. The wooded land provides new ownership with economies of scale to maximize the lands as-of-right ability to develop 360 units with the maximum building floor area of over onemillion square feet. An incoming developer will immediately be able to access all major utilities.

Thesite is situated along the highly trafficked Route 9 corridor, between Interstate 195 to the south and Route 33 to the north, in Central New Jerseys Monmouth County. The property is located within minutes to NJ Transit Rail with direct access to New York City and a NJ Transit Bus Stop directly in front of the property at the traffic light jug handle intersection.

Exclusively Listed By

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