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    1100 Lacey Rd Lacey Township, NJ 08731

    Sponsored
    For Sale
    $1,950,000

    Prime 2.64-acre site, Garden State Parkway access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.64-acre commercial development opportunity is ideally situated just off Exit 74 of the Garden State Parkway in Lacey Township, New Jersey, at 1100 Lacey Road, zip code 08731. The property boasts a highly desirable location with exceptional visibility and accessibility, experiencing a daily traffic count exceeding 89,100 vehicles. The site's zoning allows for a variety of development options, including but not limited to gas station/convenience store, quick-service restaurant, self-storage facility, hotel, and multi-family residential. The asking price for this strategically positioned land is $1,950,000. Additional land may be available. The local municipality has indicated a proactive approach to streamlining the approval process, making this a particularly attractive investment. The seller is motivated and willing to act as a consultant if desired, offering valuable insight and support throughout the development process. This presents a unique chance to capitalize on a high-traffic location with significant development potential. The property is classified as Commercial, Industrial, and Residential.

    Property Features for 1100 Lacey Rd

    General Information

    Property type
    Land
    Lot Size
    114,998 SF

    HighLights

    • Ideally located 2.64‑acre development site just off Exit 74 of the Garden State Parkway in Lacey Township, NJ.
    • Over 2.64 acres of land, with potential for additional acreage.
    • High‑traffic location with over 89,000 vehicles daily passing Exit 74 of the Garden State Parkway.
    • Municipality is proactively streamlining the development approval process.
    • Suitable for various uses including gas station/convenience store, quick‑service restaurant, self‑storage, hotel, and multi‑family residential.
    • Motivated seller willing to act as a development consultant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lacey Township
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2174421
    Latitude
    39.862995

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    FAQs

    What type of property is this?
    Land - Prime 2.64-acre site, Garden State Parkway access.
    Where is this land located?
    The property is located at 1100 Lacey Rd Lacey Township, NJ.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Ideally located 2.64-acre development site just off Exit 74 of the Garden State Parkway in Lacey Township, NJ.; Over 2.64 acres of land, with potential for additional acreage.; High-traffic location with over 89,000 vehicles daily passing Exit 74 of the Garden State Parkway.
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    1100 Lacey Rd Lacey Township, NJ 08731
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    Lacey Township, NJ 08731
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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
    1100 Lacey Rd Lacey Township, NJ 08731
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