Property profile

1100 Lacey Rd Lacey Township, NJ 08731

OFF-MARKET
Land
2.64 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 2.64 ac (114,998 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1100 Lacey Rd Lacey Township, NJ 08731
Lacey Township metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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