1050 State Rt 23, Wantage Twp, NJ 07461

Building Details

Year Built

2021

Listing agent JEANNETTE BURKE

Listing office REALTY EXECUTIVES EXCEPTIONAL b***@gmail.com Show Phone

Listing date Dec 13, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This renovated mixed-use property offers income potential and a 10% CAP rate. The 5,000 square foot building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. The flexible configuration allows for potential restaurant or catering use. The property has been improved and well maintained, ensuring rental appeal and long-term stability. It is located in Wantage Twp., NJ.

Suggested Use

Restaurant Auto Repair Shop Hotel & Motel Food Market Restaurant Farmer's Market

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Wantage Twp

County

Sussex

State

New Jersey

Longitude

-74.6345

Latitude

41.2627

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FAQs

What type of property is this?

Mixed-use property - Renovated mixed-use property with income potential and 10% CAP.

Where is this mixed-use property located?

The property is located at 1050 State Rt 23 Wantage Twp, NJ.

What is the asking price?

The asking price for this property is $629,999.

What are key features of this property?

This property features: High Income Potential: Offers a **10% CAP RATE**, indicating strong profitability.; Renovated Mixed‑Use Property: Features three rental units, including apartments, office space, and a banquet hall.; Versatile Configuration: Flexible layout allows for restaurant or catering use.