466 Rt 206 Newton, NJ 07860
- Commercial real estate
- 3,839 SF
- 4.42 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 466 Rt 206
- Year built
- 1950
- Lot size
- 4.42 lot acres
- Property size
- 3,839 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property in Newton, NJ, presents a rare investment opportunity. Situated on a 4.42-acre parcel with prominent highway frontage on Route 206, this offering includes four existing buildings. Currently, the property comprises a two-unit multi-family dwelling, two income-producing commercial spaces, and a storage shed. The strategic location near a busy intersection ensures high visibility and significant traffic exposure, making it ideal for a variety of commercial uses. The substantial 4.42-acre lot offers significant potential for expansion. The existing land could accommodate the construction of a second residential structure and/or an additional storage shed, potentially increasing the building count to six or seven. The property's value is further enhanced by its proximity to the soon-to-open Andover train station, providing convenient access to New York City. This prime location in Sussex County, combined with the existing income-generating properties and the potential for future development, makes this a truly exceptional investment opportunity with significant long-term growth potential. The property totals 3,839 square feet of existing building space.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7697
- Latitude
- 41.0215
