Development Land in Sparta
For Sale
$495,000
Pending
16 Main St, Sparta, NJ 07871
LAND - Sparta Twp., NJ
Property SizeContact for details
Lot Size0.75 Acres
Days on Market521
Property Features for 16 Main St
General Information
Property type
Land
Property subtype
Other
Lot features
Level Lot
Directions
Off of Main St Sparta
Standard status
Pending
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
405
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
FAIRCLOUGH REALTORS
(973) 726-7800
Listed By:
MARC WEITZ · License #296166
(973) 726-7800
Added: Mar 20, 2025
Changed: Jun 30
Last Checked: Aug 22 at 6:06AM
MLS# 3951973
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale development site offers approximately 0.75 acres of land in Sparta Township, NJ. The seller’s current concept includes building 22 condos (55+) as Phase 2 of “The Hamlet,” though the offering also contemplates the option to subdivide and re-develop the property in a different fashion. The listing notes that the town would work with an applicant toward developing the land in a meaningful way, and the seller is open to a subject-to arrangement.
The property is located at 16 Main St, Sparta Twp., NJ 07871-1946, with the advantage of being steps from the post office and nearby supermarkets and amenities.
This site may fit developers or investment groups looking for a land acquisition with a defined, age-restricted condominium development direction, while still allowing flexibility for an alternate redevelopment or subdivision approach. Financing is referenced as available through Segal Financial, described as a loan consulting firm specializing in real estate developer and commercial loans in the $1 million to $10 million range. Interested parties should review the intended development plan details and any applicable municipal requirements to confirm feasibility for the contemplated condominium or alternative redevelopment concepts.
The property is located at 16 Main St, Sparta Twp., NJ 07871-1946, with the advantage of being steps from the post office and nearby supermarkets and amenities.
This site may fit developers or investment groups looking for a land acquisition with a defined, age-restricted condominium development direction, while still allowing flexibility for an alternate redevelopment or subdivision approach. Financing is referenced as available through Segal Financial, described as a loan consulting firm specializing in real estate developer and commercial loans in the $1 million to $10 million range. Interested parties should review the intended development plan details and any applicable municipal requirements to confirm feasibility for the contemplated condominium or alternative redevelopment concepts.
Key Highlights
- .75‑acre development parcel in Sparta, NJ
- Public water and public sewer available
- Proposed plan to build 22 condos (55+) as phase 2 of "The Hamlet"
Property Analytics
Property Profile
Current Use
Lease Details
22
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
Explore this area
Business Placement
Demographics for 07871, NJ
20,992
Population
8,367
Households
2.5
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
38.2 sq mi
ZIP Area
550
Density / Sq Mi
$167,443
Median Household Income
$84,587
Median Earnings
$1,831
Median Rent
$462,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 0.75-acre site on Main Street near amenities, positioned for condominium development or alternative subdivision plans.
Where is this residential land & home lot located?
The property is located at 16 Main St Sparta, NJ.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: .75‑acre development parcel in Sparta, NJ; Public water and public sewer available; Proposed plan to build 22 condos (55+) as phase 2 of "The Hamlet"
