1050 Rte 23 Sussex, NJ 07461
- Commercial real estate
- 5,000 SF
- 3.24 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1050 Rte 23
- Lot size
- 3.24 lot acres
- Property size
- 5,000 SF
- Property type
- Commercial real estate
Description
This exceptional 5,000 square foot commercial building, located at 1050 ROUTE 23 Unit 1050, Sussex, NJ, presents a unique investment opportunity. Situated on a 3.24-acre lot, the property has undergone a complete renovation and is currently generating income. The existing structure is already stabilized, setting the stage for further expansion. Plans are in place for the addition of multiple residential units, representing significant future income potential. The seller is motivated and has considered a joint venture to complete the second phase of expansion, which would include the additional residential units. This presents a compelling opportunity for an investor seeking immediate income and substantial long-term growth. The property's prime location on Route 23 in Sussex, NJ, ensures high visibility and accessibility. The existing commercial space offers flexibility for a variety of uses, while the planned residential expansion promises a diversified income stream. This is a rare chance to acquire a well-maintained, income-producing property with significant upside potential in a desirable location. Serious inquiries are encouraged. The property is priced at $675,000.
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
- Sussex
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.6345
- Latitude
- 41.2627
