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    766 Rte 23 Sussex, NJ 07461

    For Sale
    $550,000

    Sussex, NJ: Prime Commercial Space, 8,635 sq ft

    Property size:
    8,635 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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 Features for 766 Rte 23

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,635 SF
    Lot Size
    86,249 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sussex
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.61497
    Latitude
    41.2248

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    FAQs

    What type of property is this?
    Commercial real estate - Sussex, NJ: Prime Commercial Space, 8,635 sq ft
    Where is this commercial real estate located?
    The property is located at 766 Rte 23 Sussex, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    (973) 827-8885
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    766 Rte 23 Sussex, NJ 07461
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    Sussex, 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
    766 Rte 23 Sussex, NJ 07461
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