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    216 Rt15 Lafayette, NJ 07848

    For Sale
    $1,900,000

    Lots and Land - Lafayette Twp., NJ

    Lot size:
    21.43 Acres
    Days on Market:
    120
    Last Refresh:
    Dec 5 at 12:06 pm

    Property Features for 216 Rt15

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-5
    Lot size
    21.43 Acres

    Building Details

    Architectural style
    Other

    Sussex County Real Estate (973) 827-8885 [email protected]

    Listing agent DONALD E PROUT (973) 827-8885

    Listing date Aug 8, 2025

    MLS# 3980302 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

    Unique Land on Heavily Traveled Route

    This unique 21.43-acre property is located on heavily traveled Route 15 and is zoned R-5.0. A builder could potentially obtain town approvals for 3 to 4 building lots. Contiguous to this lot is Lot 7.01, which houses the Ideal Farms Garden Center. The seller is interested in a land lease while keeping the garden center, subject to town approval. Half of this property is zoned Highway Commercial, and the other half is zoned R-5.0, allowing for a range of development possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lafayette
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.711619750395
    Latitude
    41.119143253866

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    FAQs

    What type of property is this?
    Commercial land - 21.43 acre property zoned R-5 and Highway Commercial.
    Where is this commercial land located?
    The property is located at 216 Rt15 Lafayette, NJ.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Zoned R-5.0 with potential for 3-4 building lots (with town approvals).; - Half of the property is zoned Highway Commercial.; - Abuts Lot 7.01, home to The Ideal Farms Garden Center.
    (973) 827-8885
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    216 Rt15 Lafayette, NJ 07848
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    Lafayette, NJ 07848
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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
    216 Rt15 Lafayette, NJ 07848
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