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    1045 Limecrest Rd Lafayette, NJ 07848

    For Sale
    Contact for pricing

    85 Acres, 600,000 SF Potential

    Property size:
    250,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 85-acre industrial land parcel in Lafayette, New Jersey (Sussex County, zip code 07848) presents a significant development opportunity within the Rt 206 Redevelopment Zone. The site, located at 1045 Limecrest Rd, has already undergone significant preparation, including clearing, grading, and site work, making it ready for immediate construction. A nearly completed 52,000 square foot steel building (90% complete, constructed in 2020) is currently on-site. Preliminary township approvals for a 600,000 square foot warehouse (60-foot clear height) have been received, and prior wetland permits and environmental studies are complete. Conceptual designs include a single, up to 500,000 square foot building, which would necessitate the removal or relocation of the existing structure. Built-to-suit options are available for various sizes and configurations. The property offers county road access and the potential for a rail spur extension from an existing rail line along the northeast property boundary. This location benefits from strong demographics and proximity to major transportation arteries, making it an attractive investment in a thriving market. The property is currently vacant and available for lease under a NNN lease structure. The total square footage is flexible, ranging from 250,000 to 600,000 square feet, accommodating a variety of industrial uses, including warehouse, manufacturing, and refrigerated/cold storage.

    Property Features for 1045 Limecrest Rd

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    250,000 SF

    HighLights

    • 85‑acre industrial land parcel in Andover, NJ, suitable for development.
    • Proposed 600,000 SF, 60‑foot‑high warehouse building.
    • Prior wetland letter of intent (LOI) approval and completed preliminary environmental studies.
    • County road access and potential rail access.
    • Pro‑development township with strong demographics and excellent access to major transportation arteries.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Hair Salon Nail Salon Pharmacy Gym & Fitness Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Lafayette
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.6884186
    Latitude
    41.0535156

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 85 Acres, 600,000 SF Potential
    Where is this refrigerated / cold storage located?
    The property is located at 1045 Limecrest Rd Lafayette, NJ.
    What are key features of this property?
    This property features: 85-acre industrial land parcel in Andover, NJ, suitable for development.; Proposed 600,000 SF, 60-foot-high warehouse building.; Prior wetland letter of intent (LOI) approval and completed preliminary environmental studies.
    Request Owner's contact information
    1045 Limecrest Rd Lafayette, NJ 07848
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    Lafayette, NJ 07848
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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
    1045 Limecrest Rd Lafayette, NJ 07848
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