766 Rte 23 Sussex, NJ 07461
This exceptional commercial property, located at 766 Route 23 in Sussex, NJ, offers unparalleled visibility and ample space. Boasting 8,635 square feet on a 1.98-acre lot, this property enjoys an enviable location directly on Route 23 southbound. The high traffic volume ensures maximum exposure for any business. The property features a substantial paved patio area perfect for outdoor events, complete with horseshoe pits, creating a unique and attractive amenity. Inside, a fully equipped kitchen and multiple walk-in freezer/cooler units are included, adding significant value for food-related businesses or those requiring extensive cold storage. A full walkout basement provides additional storage or expansion possibilities. Adding to the versatility, the property includes two one-bedroom apartments on the second floor, offering potential for rental income or employee housing. Ample parking is available, accommodating numerous vehicles and ensuring convenient access for customers and employees. This property presents a rare opportunity for a wide range of commercial ventures seeking a high-profile location with significant space and unique features. The combination of prime location, extensive square footage, and versatile amenities makes this an exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.