Looking for advice on what to do with a 2.5 acre lot in NJ.

[Tom T.]

Hi everyone, 

I have a 2.5 acre lot in Sayreville NJ that I'm looking to do develop or sell.  I need some feedback on how to go about it since the lot would require some property lines beginning adjusted from to lot next to it which I also own.   I'd like to meet with some investors/builders to brainstorm some ideas.  

Thank you

Tom 

[Colleen F.]

Check flood plain status especially with the FEMA changes. I know only some areas of Sayreville are impacted but it could affect where you can build. Also wetlands assessment to see where it is buildable. If you know all that and know it is buildable then you probably need to check with town if you need to subdivide your lots. see what the rules are. They recently lost a couple neighborhoods in Sayreville (also Woodbridge) to blue acres so maybe the town wants to replace that tax base.

Any small developments under construction in the area?  See who is doing them and maybe you can ask under what conditions they would be interested in your property. Not suggesting you necessarily sell to them but it may give you an idea of what would make your property attractive.