Lot 2 Route 173 W, Asbury, NJ 08802

Property Description

Rare opportunity to acquire land located in the Planned Commercial (PC) District in Union Township, Hunterdon County. The property is located within the New Jersey Highlands Preservation Area, where development is subject to the Highlands Act and NJDEP Highlands Rules. Permitted zoning uses within the PC District may include office, retail, medical, hotel, restaurant, athletic/recreational facilities, professional services, research, veterinary clinic, convenience shopping, light fabrication/assembly, and other uses permitted by the township. However, buyers should be aware that non-residential development in the Highlands Preservation Area is generally considered a Major Highlands Development and, unless exempt, requires a Highlands Preservation Area Approval (HPAA) from the New Jersey Department of Environmental Protection (NJDEP). The approval process may be extensive and costly depending on the property's environmental constraints, and impervious surface coverage may be limited under Highlands regulations. The Highlands Act provides certain exemptions, including exemptions that may apply to the construction of single-family homes. Buyers are encouraged to review the applicable Highlands Act exemptions and consult with the NJDEP and Union Township regarding their proposed use. Buyer is responsible for independently verifying zoning, permitted uses, Highlands Act applicability, exemptions, required approvals, utilities, access, environmental constraints, and development feasibility with the appropriate governmental agencies. Seller is marketing an equitable interest in the property pursuant to an executed purchase agreement.