Prime Mixed-Use Development Opportunity For Sale: Asking $4.2 Million
- Fair Haven combines small-town charm with suburban sophistication. With high barriers to entry and limited new development, opportunities like this are exceptionally rare. This is your chance to make a lasting impact in a tightly held community.
- Rare Opportunity in Monmouth County: 23 Cedar Avenue offers a fully approved, shovel-ready development site in downtown Fair Haven, one of the county’s most desirable communities.
- Fully Approved Mixed-Use Development: All local approvals in place for a mixed-use building with resolution compliance in-hand, allowing for immediate construction. Approved for 4,250 SF of commercial space and 14 residential units (2 affordable family units). Residential units consist of a mix of one and two-bedroom units, each ranging from 884 SF for a one-bedroom and up to 1,460 SF for a two-bedroom.
- Prime Location: Situated in the vibrant Fair Haven downtown district, within walking distance to shops, restaurants, parks, and top-rated schools.
- Affluent Demographics: Fair Haven is a sought-after town with strong income levels, excellent schools, and high demand for both commercial and residential space. Average household income within a 1-mile radius of the site is $270,600.
- Proximity to Transit & Beach Towns: Just minutes to Red Bank, NJ Transit rail lines, and a short drive to the beaches and the Garden State Parkway