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    1050 State Rt 23 Wantage Twp, NJ 07461

    New
    For Sale
    $629,999

    Commercial - Wantage Twp., NJ

    Property size:
    5,000 SF
    Lot size:
    3.24 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 1050 State Rt 23

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Parking
    50
    Parking features
    Parking Lot
    Basement Y/N
    1
    Size
    5,000 SF
    Lot size
    3.24 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    2021
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Carpet, Laminate, Tile
    Building materials
    Block, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Realty Executives Exceptional Realtors (973) 575-6700 [email protected]

    Listing agent JEANNETTE BURKE (973) 729-7141

    Listing date Dec 13, 2025

    MLS# 4001594 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Investment Property

    This renovated mixed-use property in Wantage Twp., NJ, offers income potential with a 10% CAP rate. The property, situated on a 3.24-acre lot, features a 5,000-square-foot building with three rental units. These include two updated apartments, dedicated office space, and a spacious event/banquet hall area. The flexible configuration allows for potential restaurant or catering use. The property has been improved and maintained, ensuring rental appeal and long-term stability. It is zoned commercial.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Food Market Breakfast Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wantage Twp
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.6343
    Latitude
    41.26298

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    FAQs

    What type of property is this?
    Mixed-use property - Renovated mixed-use property with income potential in Wantage Twp.
    Where is this mixed-use property located?
    The property is located at 1050 State Rt 23 Wantage Twp, NJ.
    What is the asking price?
    The asking price for this property is $629,999.
    What are key features of this property?
    This property features: - High Income Potential with **10% CAP RATE**; - Renovated Mixed-Use Property with Three Rental Units; - Flexible Configuration for Restaurant/Catering Use
    (973) 729-7141
    Request Owner's contact information
    1050 State Rt 23 Wantage Twp, NJ 07461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1050 State Rt 23 Wantage Twp, NJ 07461
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