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  • $1,100,000

    12 44Th St, Maplewood Twp., NJ 07040

    --beds
    --baths
    0.35Acres
    Unimproved Land
    Built in ----
    0.35 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Combination of 2 lots (1016-1022 Chancellor Ave & 12 44th St )This property offers a unique opportunity for visionary developers, with several strategic options to maximize its potential. One immediate possibility is to rent the existing house while awaiting township approvals. This approach provides an interim income stream, ensuring the property generates value even during the planning phase. Renting the house also enables developers to maintain flexibility as they navigate the approval processes. Another compelling option is to demolish the existing structure and build townhouses, aligning with the character of the neighborhood, as evidenced by similar developments nearby. Developers can secure approvals to construct townhouses while renting the house during the waiting period to offset holding costs. This dual strategy supports a seamless transition from demolition to construction, leveraging both short-term and long-term revenue opportunities. Alternatively, developers may leave the house as is or convert it into a two-family residence, focusing construction efforts on Lot 17. For this option, merging the lots is essential to apply for a variance, an important step to unlock the full potential of the project. This flexible approach caters to developers interested in both immediate and phased development, making this property a versatile investment opportunity.
    15 days
    on Zillow
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    Zillow last checked: 10 hours ago

    Listing updated: July 23, 2025 at 05:44pm

    Listed by:

    Marvin Williams 908-422-8621,

    Coldwell Banker Realty

    Source: GSMLS,MLS#: 3977204MLS Logo
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    Facts & features

    Property

    Lot
    • Size: 0.35 Acres
    • Dimensions: 50 x 110
    • Features: See Remarks, Sidewalks, Backs to Park Land, Corner Lot, Irregular Lot, Level, Commercial Area, Cleared Land - Part, Gravel, Rocky/Shale
    • Topography: At Road Level,Level
    • Residential vegetation: No Trees, See Remarks
    Details
    • Additional structures: Residence, See Remarks
    • Parcel number: 1611000450003000170000
    • Zoning description: Commercial,Residential 2 Family, Residential Condominium/Townhouse, Residential Multi-Family

    Utilities & green energy

    • Sewer: Unnecessary (Sewer), Public Sewer on Property
    • Water: Public Water on Property
    • Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available, Fiber Optic Available, Utilities on Property

    Community & HOA

    Location
    • Region: Maplewood

    Financial & listing details

    • Tax assessed value: $30,000
    • Annual tax amount: $693
    • Date on market: 7/24/2025
    • Road surface type: Blacktop/Asphalt Road
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