LOT 1 S BLACK HORSE PIKE

Williamstown, NJ 08094

The property is located on the busy Black Horse PIke adjoining Summerfields at Friendly Village. Much growth has been seen in Williamstown with Walmart, Applebee's now open, new over 55 Subdivision's , wineries and more...The property also has four double sided billboards which are on a structure not owned by the Seller and this generates some income to the Seller. The Billboard company pays the taxes on the billboards which are seperate from the real estate taxes on the ground. It is located in the RGC Zone- Regional Growth Commercial and the rear of the land is zoned RD-RR-Rural Development Residential Receiving. The income from the billboards si $ 5,175 and the RE taxes on the Billboard structure is $2975 paid by the Billboard company and the NJ permit is also paid by the billboard company. The Seller has not increased the rent for the Billboard in the last 10 years and there is the possibility that the new owner may do that if they choose. The structure the billboards sit on is owned by the Billboard company and the possibility exists that if the new owner does not want to continue with the rental situation the structure may be removed. There are many opportunities with this land and it is located in the Pinelands and all approvals for change would need to be approved by the Pinelands and also Monroe Twp.