345 FLORENCE AVE Deptford, NJ 08096

The subject property consists of 5.66 +/- acres with access and road frontage on Carteret and Florence Avenues. Both Carteret and Florence Avenues are macadam surfaced streets with OH street lighting, public water, sewer, gas, electric, and telephone and cable utility services available. It is located within mile from I-295. Public transportation I block on Delsea Drive. Hospitals, religious organizations, shopping centers, schools located within mile of the site. Site is wooded and topography is level at street sloping toward rear. Zoning RM-2. Site Plan, Phase I ESA, Topo, Wetland Delineation, traffic study obtained. Owner had proposed to Deptford Twp. PZ Board for approval of a multi-family 3 Story residential 29 unit apartment building in March 2007. Units consisted of 25 1-bedroom units, 3 two bedroom units and one three bedroom unit. At the time, the application had been denied due to the building being of a height that was unusually higher than other buildings in the area and the lack of passive and active recreation and community facilities as required by the ordinance, along with other concerns. There is reason to be believe if the proposed plan were amended to address the aforementioned concerns, it is plausible approvals could be obtained. This property is located in an opportunity zone.