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    766 Rte, Unit 23 Wantage Twp, NJ 07461

    For Sale
    $550,000

    High-visibility commercial property with apartments and ample parking.

    Lot size:
    1.98 Acres

    Property Features for 766 Rte

    General Information

    Lot size
    1.98 Acres

    Building Details

    Year built
    9999

    Source: SUSSEX COUNTY REAL ESTATE Agent JOANNE REDER

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

    Overview

    Route 23 Commercial Property

    This property is located directly on Route 23 Southbound. Situated on 1.98 acres, the property includes ample parking. An outside patio paver entertainment area includes horseshoe tournament pits. The property includes two one-bedroom apartments on the second floor. A full equipped kitchen, multiple walk-in freezer/cooler units, and a full walkout basement are included in the sale.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    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?
    Restaurant - High-visibility commercial property with apartments and ample parking.
    Where is this restaurant located?
    The property is located at 766 Rte, Unit 23 Wantage Twp, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location with extreme highway visibility directly on Route 23 Southbound.; - Situated on 1.98 acres with ample parking.; - Two one-bedroom apartments on the second floor.
    (973) 827-8885
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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
    766 Rte, Unit 23 Wantage Twp, NJ 07461
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