This prime open zoned parcel is a great opportunity for an investor. Located on Carmichael Road, west of Gladstone Road, this parcel boasts 5 acres with 150.04 ft of road frontage, on Carmichael Road and 250 ft on the Southern Road Reservation.
This property is open zoned and benefits from high traffic volume. The Subject's neighborhood is considered a good commercial area, approximately 80% developed with commercial buildings, and apartments. It is strategically positioned, directly opposite the proposed residential development - The Renaissance.
All that piece, parcel or lot of land being a 5 Acre Tract and being an extract from a plan recorded in the Crown Lands Department as Plan 251 of New Providence being bounded on the North by Carmichael Road running thereon 150.04 feet, on the East by varies lots being a portion of Crown Grant A-47 running thereon 1,089.02 feet, on the South by a 30 ft. wide Road Reservation running thereon 250.00 feet, and on the West by Crown Grant A6-87 running thereon 1,092.40 feet.
- Total interest:$ 1,860,453
- Total loan value:$ 3,855,453