Assignable Contract – 5.37-Acre Parcel | Hamilton Twp (Mays Landing), NJ

$55,000 •
Offer Submission Deadline
  • Land
  • No Garage

Description

Parcel Summary

  • Parcel: Block 860, Lot 5 — Cypress St corridor (approx. 250′ x 930′, 5.37 acres)
  • Zoning: RD-5 (Rural Development — single-family permitted on 5+ acres; subject to Pinelands & municipal approvals)
  • Utilities / Setup: Private well & septic required; overhead electric available at street
  • Setting: Quiet, wooded 5-acre estate pocket — Cypress / Holly / Oak area near Mays Landing

Why This Deal Makes Sense

Estate-sized acreage is increasingly scarce in Hamilton Township — especially parcels that meet RD-5 zoning thresholds without requiring a variance. This contract offers control of 5.37 acres, exceeding the minimum for single-family development and positioned in a quiet, low-density rural corridor along Cypress/Holly/Oak.

Active listings with similar land scale are currently priced in the $75K–$80K range, while recent sub-5 acre non-conforming parcels in the surrounding area have sold between $30K–$60K, depending on utility setup, approvals, and build readiness. At an assignment price of $55,000, this opportunity provides a lower entry point into a land class with historically strong demand and limited inventory.

For buyers familiar with rural development, well/septic installation, and the Pinelands regulatory framework, this deal represents a strategic long-term position — with multiple viable pathways:

  • Buy and hold in a supply-constrained estate zone
  • Build a custom home or rural retreat on oversized acreage
  • Develop a spec home with potential ARV support in the $650k - 700K+ range

This is a forward-looking land opportunity with strong upside potential, supported by zoning conformity, privacy, and the long-term appeal of large-format rural homesites.

Assignment Terms

  • Assignment Price: $55,000
  • Closing: January 12, 2026
  • Buyer responsible for due diligence, zoning/build approvals, utilities, and closing costs

Important Disclosure:

Momentum Home Solutions / Assignor does not own the property and is not acting as a broker. This website presents an assignable equitable interest in a purchase contract.

Assignment is subject to terms, availability, and buyer verification.

Comps:

Active:

5827 Holly St, Mays Landing - 5 acre - Asking $79,900

0 DRosera St, Mays Landing - 1.94 acres - Asking $75,000

Sold:

6285 Pine St, Mays Landing, 4.86 acres - Sold $30,000 on 04/02/25 (it's under 5 acres which is non-conforming and needs a variance)

6028 Peach St, Mays Landing 0.91 acres - Sold $45,000 on 06/30/25

Pne St, Mays Landing - 4.86 Acres Sold $60,000 pm 07/16/25

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Estimated Spread

  • ARV $75,000
  • Price $55,000
  • Spread $20,000

DOCS

File Name Size

Real Estate Analysis_ Vacant Land (Block 860 Lot 5, Cypress St, Hamilton Twp, NJ).pdf

38kb
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