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$2,900,000
1 Day On Site

50 Drakestown Rd
Mount Olive Twp., NJ 07840

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
1820
Built
County:
Morris

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50 Drakestown Rd50 Drakestown Rd50 Drakestown Rd50 Drakestown Rd
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Unique commercially zoned property. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, and Victorian architectural details. An efficiency apartment within the main residence adds flexibility for on-site living or rental use. The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.

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Listing Snapshot
Price 
$2,900,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
35.09 Acres
Year Built 
1820
MLS® Number 
4006859
Status 
Active
Property Tax 
$32,614
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
14 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
35.09
Number Of Stories 
3
Parking 
Circular Driveway
Sewer 
Cesspool
Zoning 
Commercial
Interior Features
Basement 
Unfinished
Flooring 
CarpetTileWood
Heating 
OilWood
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Exterior Features
Construction Details 
Shingle SidingWood Siding
Lot Features 
Wooded
Roof 
Wood
Listing courtesy of COLDWELL BANKER REALTY

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Neighborhood & Commute
Source: Walkscore
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