324 Mount Laurel Road
Mount Laurel,
NJ
08054
Daezonae Jenkins with Keller Williams Realty - Moorestown,
original listing - (609) 346-6929
Property Details
| List Price: |
$799,500 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Keller Williams Realty - Moorestown |
| Agency Phone: |
(856) 316-1100 |
Description/Comments
| Lot Size: |
7 acre(s) |
| Property Type: |
Land-Other |
| Year Built: |
-- |
| Notes: |
Prime development opportunity in Mount Laurel. This 7.37-acre, four-parcel assemblage sits in the R-3 Residential District, which allows single-family homes only. The Township's zoning schedule confirms a minimum lot size of 20,000 sq ft, 100 ft lot width, and 40/20/30 setbacks, with no special overlays or mixed-use restrictions. Approximately 57% of the acreage lies outside the mapped wetlands, with all boundaries and buffer distances requiring confirmation through NJ DEP, per Township guidance. Based on the zoning requirements and buildable acreage, preliminary planning suggests the site could support approximately 7-8 residential lots, subject to engineering, DEP review, and Township approval. Public sewer is located in the street, city water is on site, and the sewer moratorium has been lifted, allowing developers to begin the entitlement process without delay. A newer construction home directly across the street at 507 Mount Laurel Rd (built 2023) sold in 2024 for $815,000 ($326/sq ft) on a 0.46-acre R-3-compliant lot. This provides a strong and verifiable benchmark for future resale values. For investors evaluating returns, two zoning-compliant scenarios demonstrate meaningful upside: Scenario 1: An optimized 8-lot subdivision with resale values around the $815,000 comp shows potential for a 31% ROI, subject to approvals. Scenario 2: A premium 7-lot layout with larger homes in the $900,000 range reflects a 30% ROI, depending on final engineering and construction cost structure. These are preliminary planning scenarios only and are not guaranteed. The property borders Sayebrook Estates, an established single-family neighborhood consistent with the Township's historic approval pattern. Strong schools, excellent highway access, and high demand for new construction make this a compelling land development opportunity. Zoning charts, wetlands maps, and supporting documents are available. |
| MlsNumber: |
-- |
| ListingId: |
NJBL2101376 |
Estimate Your Monthly Payment
| Listing Provided By: |
Keller Williams Realty - Moorestown, original listing |
| Phone: |
(609) 346-6929 |
| Office Phone: |
(609) 346-6929 |
| Agent Name: |
Daezonae Jenkins |
| Disclaimer: |
Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
