Investment Highlights
Executive Summary
Major price adjustment for this development opportunity about two blocks from Walmart, Starbucks, Chipotle and the new Chase Bank & Aldi. This corner property is strategically located at a four-way traffic light intersection. There are currently three curb cuts and over 150 of frontage on Route One with car count of nearly 17,000. Currently there are two buildings on the property, a very popular and long-standing Restaurant and another smaller standalone building for storage. Over three quarters of an acre located in the favorable Local Business (BL) District. With Site Plan Approval, permitted uses that include but are not limited to, Bank, Retail, Medical, Veterinarian, Boat & Marine Sales, Hotel. Most Auto Uses including Gasoline Station and Auto Sales would require a Special Exception. A rare development opportunity within this dynamic & thriving area.
