BURLINGTON, NJ 08016

Zoning approved 10/21. Interior vacated, ready for your 3BR/2BA ranch build-out. $219,900, ARV $400K–$440K.

The zoning hurdle is already cleared. On 10/21/2026 the Burlington Township Zoning Board approved residential use for this former commercial building on a ~0.34-acre lot.

The architect's plan (drawing A-1.00) lays out a 3-bedroom, 2-bath, one-level ranch of about 1,824 SF, using the same footprint. That means no additions and no footprint change, just the interior conversion. The interior has already been vacated; only carpet and trim remain. Bring your crew and build to the plan.

This is a direct sale by deed from the owner, JRE Legacy Holdings LLC. It is not an assignment. Sold as-is.

Renovated 3BR/2BA homes nearby sold for $366.5K–$405K this year, and the estimated ARV is $400K–$440K. Rehab is estimated at about $100K plus about $10K for the required sidewalk.

Architect plan A-1.00 and the survey are available to serious buyers. The written approval resolution will be shared when issued.

KEY NUMBERS

Asking price: $219,900

Estimated ARV: $400,000–$440,000

Est. rehab: ~$100,000

Sidewalk (approval condition): ~$10,000

Est. all-in (price + rehab + sidewalk): ~$329,900

Gross spread at ARV (before closing, holding and selling costs): ~$70,000–$110,000

Planned layout: 3 BR / 2 BA ranch, ~1,824 SF, one level (architect drawing A-1.00)

Lot: ~0.34 ac

Year built: 1958

ARV COMPS (renovated, Burlington Twp area)- All smaller in comparison

952 Columbus, sold 8/2026: $366,500

22 Rose, sold 5/2026: $405,000

8 Laclede, sold 8/2026: $392,000

17 Lambeth Rd, Burlington Twp : sold $372,500 on 6/29/26 | 3bd/2ba rancher, 1,240 SF | $300/SF

1408 Wall Ave, Burlington Twp (Sylvan Lakes): sold $415,000 on 6/10/26 | 4bd/2ba one-story cape, 1,411 SF | $294/SF

APPROVAL CONDITIONS AND DISCLOSURES

- Residential use was approved by the Zoning Board on 10/21/2026.

- Conditions: (1) install a sidewalk along Beverly Rd; (2) reduce the rear asphalt.

- The written resolution is pending. It will be provided when memorialized.

- Interior is vacated; carpet and trim remain. Sold as-is, where-is.

- Direct sale by deed from JRE Legacy Holdings LLC (not an assignment).

- The neighboring property has a driveway easement over part of this lot. Easement documents available on request.