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    113 Rt15 Lafayette, NJ 07848

    For Sale
    Contact for pricing

    Spacious Barn, High Traffic Location, Great Rental Potential

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, located at 113 RT15 in Lafayette, NJ, presents a unique investment opportunity. The property boasts a substantial 1,500 square foot barn, offering ample space for a variety of commercial uses. The barn features two floors, providing versatile layout options to suit diverse business needs. Electricity service is planned for the property, ensuring operational readiness for prospective tenants. Its strategic location directly on Route 15 guarantees high visibility and accessibility, making it an ideal choice for businesses seeking maximum exposure to a large volume of traffic. The 0.19-acre lot provides sufficient space for parking and potential expansion. The property's prime location and substantial size make it an excellent prospect for rental income generation. This is a must-see property for savvy investors seeking a high-return commercial investment in a desirable location. The barn's size and highway frontage offer significant advantages for a wide range of commercial ventures. Its potential for adaptation to various business models makes it a highly attractive investment opportunity. Don't miss the chance to own this exceptional commercial property in a thriving area. The asking price is $800,000.

    Property Features for 113 Rt15

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF
    Lot Size
    8,276 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lafayette
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.69023
    Latitude
    41.09881

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious Barn, High Traffic Location, Great Rental Potential
    Where is this commercial real estate located?
    The property is located at 113 Rt15 Lafayette, NJ.
    What is the asking price?
    The asking price for this property is $800.
    (973) 729-7141
    Request Owner's contact information
    113 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
    113 Rt15 Lafayette, NJ 07848
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