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    OFF-MARKET
    Land

    1100 Lacey Rd, Lacey Township, NJ 08731

    2.64 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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