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    51 International Dr Mount Olive, NJ 07836

    For Sale
    $5,000,000

    ±5 Acres, ±6,450 SF Building, $5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional ±5-acre commercial land parcel in Mount Olive, New Jersey, presents a unique investment opportunity. The property features a ±6,450 square foot vacant building, previously used as a restaurant, offering significant redevelopment potential. Strategically located on International Drive in Morris County, this site boasts high visibility and accessibility, situated near Interstate 80, a major transportation artery. The property benefits from shared parking and outdoor seating amenities with an existing Chili's restaurant, providing a combined 244 parking spaces. The high traffic volume of International Drive (6,486 AADT) and the proximity to Interstate 80 (88,067 AADT) ensure substantial exposure. Furthermore, the property's location near the newly redeveloped ITC Crossing South (514,903 square feet GLA) adds to its desirability and potential for increased value. This prime location is ideal for a variety of commercial uses, particularly full-service or quick-service restaurants seeking a well-established area with ample parking and high traffic counts. The asking price for this remarkable property is $5,000,000. The property's zoning and specific permitted uses should be verified independently. This is a rare opportunity to acquire a significant commercial property in a thriving New Jersey location. The zip code is 07836.

    Property Features for 51 International Dr

    General Information

    Property type
    Land

    HighLights

    • Excellent Interstate 80 visibility.
    • Ideal for full‑service or fast‑casual restaurant use.
    • Shares parking and outdoor seating areas with established Chili's.
    • Ample parking with 244 spaces available.
    • High traffic location on International Drive (6,486 AADT) near Interstate 80 (88,067 AADT).
    • Proximity to the newly developed ITC Crossing South (514,903 SF GLA).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Olive
    County
    Morris
    State
    New Jersey
    Longitude
    -74.713364587965
    Latitude
    40.887749405967

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    FAQs

    What type of property is this?
    Land - ±5 Acres, ±6,450 SF Building, $5M
    Where is this land located?
    The property is located at 51 International Dr Mount Olive, NJ.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Excellent Interstate 80 visibility.; Ideal for full-service or fast-casual restaurant use.; Shares parking and outdoor seating areas with established Chili's.
    Request Owner's contact information
    51 International Dr Mount Olive, NJ 07836
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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
    51 International Dr Mount Olive, NJ 07836
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