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Property profile & analytics
OFF-MARKET
Commercial real estate

766 Rte 23 Sussex, NJ 07461

8,635 SF 1.98 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Total area 8,635 SF
Lot 1.98 ac (86,249 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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