MLS® ID: NJAC111310
3600 WHITE HORSE PIKE
HAMMONTON, New Jersey, 08037 $34,900
5 Lots in the Mullica FAR Zone totaling 26.57 Acres. Land Transfer Property (Mullica Township). We know this is difficult to follow but we'll guide you through it, All 5 properties can be used for 1 of 3 uses: hunting, agriculture, or density transfer. It is likely that density transfer would be the most likely use. The Pinelands has implemented onerous regulation severely limiting the land's potential in the FAR zone. There's two tracts, the first tract is the White Horse Pike tract with 13.23 acres - Block 2905, Lot 4. The second tract is the Reading Ave Tract with a total of 13.11 Acres encompassing 4 Lots. These include Block 11118, Lots 1.01, 1.02, 4 and 5. Here's where it get a little tricky, please read and absorb the next few sentences. FAR Zone is a (Sending Zone). FARR is a (Receiving Zone). The FAR Sending Zone requirement to build 1 home is (25 contiguous acres). This collection of properties is 26.57 acres and not contiguous, therefore not buildable. The only solution: The 5 land parcels need to be sent to the FARR Receiving Zone. The rules to build in the FARR: need a minimum of 4 contiguous acres with a requirement of a total of 31 acres. For Example: If you owned 4 contiguous acres in the FARR, the additional 27 acres can come from the FAR Sending Zone. Example 2: If you owned 10 acres in the FARR, you would need 21 acres from the FAR to make your FARR property buildable. These are the rules of the game right now. The Seller is making a very generous offering given the volume of acreage here and at a reasonable price. Total Taxes (+/-) are $1,500 for all 5 lots. Agriculture is an a possible use for property in the FAR Zone. Call Today!