Residential Development Opportunity

Description

Chapter 7 Bankruptcy Liquidation Auction! The offering consists of 3.14 acres of level vacant land comprised of two contiguous lots. This is a unique assemblage located primarily in Ewing Township in a redevelopment zone known as the Olden Avenue Redevelopment Plan and  more specifically the Stout Avenue Neighborhood Sub Area #5. Conceptual drawings and plans that meet the requirements for this size parcel in this zone were previously presented to the Town of Ewing and consisted of building 105 residential units on the subject parcels. An additional 80 units were proposed when presented in conjunction with the neighboring property known as the north parcel. This sale will be conducted pursuant to an Order of the United States Bankruptcy Court In Re 1289 Princeton Ave LLC Case No.: 13-29453/MBK. Final sale subject to bankruptcy court approval.