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    2786 Rt 23 Hardyston, NJ 07460

    For Sale
    $489,000

    High-yield, 2700 sq ft, Route 23 location.

    Property size:
    2,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property, located at 2786 Route 23 in Hardyston, NJ, presents a compelling investment opportunity. The 2,700 square foot building sits on a 0.46-acre lot and is currently generating income with an existing tenant, projecting a 6% capitalization rate. Its prime location on the heavily trafficked State Route 23 ensures high visibility and accessibility, crucial for attracting and retaining tenants. The property's current configuration offers immediate cash flow, while its size and layout provide the potential for future expansion or diversification through multi-tenant strategies. This turnkey investment is ideal for those seeking a stable, high-yield asset in a thriving commercial corridor. The property's strategic location on Route 23 offers significant advantages for businesses seeking high traffic exposure. The existing tenant provides immediate return on investment, while the potential for multi-tenant occupancy allows for future growth and increased profitability. This presents a rare opportunity to acquire a well-positioned commercial property with proven income generation and significant upside potential in a desirable New Jersey location. The 0.46-acre lot offers ample space for potential future development or expansion. This is a truly exceptional opportunity for investors seeking a stable and profitable commercial investment.

    Property Features for 2786 Rt 23

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,700 SF
    Lot Size
    20,038 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hardyston
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.52428
    Latitude
    41.09177

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    Nearby Similar for Sale

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      Adaptable Commercial Space on State Route

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield, 2700 sq ft, Route 23 location.
    Where is this commercial real estate located?
    The property is located at 2786 Rt 23 Hardyston, NJ.
    What is the asking price?
    The asking price for this property is $489,000.
    (973) 293-0085
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    2786 Rt 23 Hardyston, NJ 07460
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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
    2786 Rt 23 Hardyston, NJ 07460
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