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    1050 Rte, Unit 23 Wantage Twp, NJ 07461

    For Sale
    $629,999

    Mixed-use property featuring apartments, office, and event space.

    Lot size:
    3.24 Acres

    Property Features for 1050 Rte

    General Information

    Lot size
    3.24 Acres

    Building Details

    Year built
    9999

    Source: REALTY EXECUTIVES MOUNTAIN PROP. Agent CHRISTINE N. MAROTTA

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

    Overview

    Renovated Mixed-Use Investment Opportunity

    This renovated mixed-use property offers an investment opportunity with three rental units. The property includes two apartments, office space, and an event/banquet hall space. There is potential for a restaurant space or catering business.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Wantage Twp
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.6087
    Latitude
    41.2395

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring apartments, office, and event space.
    Where is this mixed-use property located?
    The property is located at 1050 Rte, Unit 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: - Mixed-use property featuring 2 apartments, office space, and an event/banquet hall; - Potential for restaurant space or catering business; - Renovated property
    (973) 827-6767
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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
    1050 Rte, Unit 23 Wantage Twp, NJ 07461
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