$975,000

The subject property, known as the Former Bill Bendig Memorial Field, is located at 193 Wood Street, Block 2007, Lot 2, Hammonton, Atlantic County, New Jersey. It consists of approximately 9.36 acres with frontage and access along both Wood Street and Third Street. The site is situated in an established residential neighborhood, several blocks from downtown Hammonton, with convenient access to the area's highway network. A railroad line adjoins the southerly property boundary. The property was most recently utilized as an athletic/recreational field and consists primarily of mature lawn and open field areas, including a former football field with spectator stands. The site is improved with three support buildings: a 768-square-foot, two-story concrete block concession/announcer's building, a 600-square-foot concrete block restroom/storage building, and a 960-square-foot steel locker-room building. The site is generally slightly sloping, has public water, sanitary sewer, gas, electric and telephone utilities available, and is accessible through gated entrances from Third Street and Wood Street. ZONING: For the Town of Hammonton, NJ R-3 (Residential-3) District, the current ordinance is §175-153. For the subdivision concept we have been working on at 193/219 Wood Street and Third Street, the most important R-3 requirements are: Single-family detached homes are permitted where public sewer is available. Minimum lot area: 25,000 SF Minimum lot width: 120 feet Maximum lot coverage: 40%. If public sewer is not available, a residential dwelling generally cannot be on less than 1.5 acres. Every resulting subdivision lot must have frontage on a street.