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    4-16 Rte 94 Vernon, NJ 07462

    For Sale
    $369,900

    High-traffic Vernon, NJ lot with billboard income.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 6.19-acre parcel, located at 4-16 Route 94 Unit 1 in Vernon, New Jersey, presents a compelling investment opportunity. Zoned for highway business use, the property boasts existing footings for a substantial 7200 square foot building, offering significant development potential. A key feature is the inclusion of a currently income-generating billboard, providing a steady revenue stream. The strategic location on Route 94 ensures high visibility and accessibility, placing the property within minutes of popular attractions such as a nearby ski resort, mineral spa, and several golf courses. This prime location offers excellent exposure to a large volume of traffic, making it ideal for a variety of commercial ventures. The sale is for the land only, providing the buyer with complete control over future development and maximizing investment potential. The existing footings represent a significant cost saving for any future construction project. This is a rare opportunity to acquire a high-traffic, income-producing property in a desirable location with significant upside potential. Don't miss this chance to capitalize on this exceptional investment.

    Property Features for 4-16 Rte 94

    General Information

    Property type
    Other commercial real estate
    Lot Size
    269,636 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vernon
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.46241
    Latitude
    41.21097

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic Vernon, NJ lot with billboard income.
    Where is this commercial real estate located?
    The property is located at 4-16 Rte 94 Vernon, NJ.
    What is the asking price?
    The asking price for this property is $369,900.
    (973) 729-7141
    Request Owner's contact information
    4-16 Rte 94 Vernon, NJ 07462
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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
    4-16 Rte 94 Vernon, NJ 07462
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