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    539 Rte 515 Vernon, NJ 07462

    For Sale
    $499,000

    High-visibility, 7,000+ sq ft building

    Property size:
    7,074 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional 7,074 square foot commercial building, situated on a 0.55-acre lot at 539 Route 515, Unit 539 in Vernon, NJ, presents a remarkable investment opportunity. Currently zoned for Vernon Town Center, this two-story property boasts high ceilings and previously served as office space, offering significant adaptability. Its prominent location ensures high visibility and allows for effective signage, making it ideally suited for retail ventures. The building's spacious layout provides ample room for various business configurations. The property's strategic positioning within the Town Center offers excellent access and exposure to potential customers. Furthermore, the possibility of acquiring the adjoining property exists, presenting a unique opportunity for expansion and increased road frontage along the newly developed Town Center Main Street. This assemblage would significantly enhance the property's overall value and potential. The asking price for this versatile commercial space is $499,000. This property is ready for immediate occupancy and offers a compelling blend of location, size, and potential for future growth. Don't miss this chance to secure a prime commercial asset in a thriving Vernon location.

    Property Features for 539 Rte 515

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,074 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1975
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Vernon
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.48434
    Latitude
    41.1977

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility, 7,000+ sq ft building
    Where is this commercial real estate located?
    The property is located at 539 Rte 515 Vernon, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    (973) 764-5555
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    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
    539 Rte 515 Vernon, NJ 07462
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