2786 Rt 23 Hardyston, NJ 07460
- Commercial real estate
- 2,700 SF
- 0.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2786 Rt 23
- Lot size
- 0.46 lot acres
- Property size
- 2,700 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 2786 Route 23 in Hardyston, NJ, presents a compelling investment opportunity. The 2,700 square foot building sits on a 0.46-acre lot and is currently generating income with an existing tenant, projecting a 6% capitalization rate. Its prime location on the heavily trafficked State Route 23 ensures high visibility and accessibility, crucial for attracting and retaining tenants. The property's current configuration offers immediate cash flow, while its size and layout provide the potential for future expansion or diversification through multi-tenant strategies. This turnkey investment is ideal for those seeking a stable, high-yield asset in a thriving commercial corridor. The property's strategic location on Route 23 offers significant advantages for businesses seeking high traffic exposure. The existing tenant provides immediate return on investment, while the potential for multi-tenant occupancy allows for future growth and increased profitability. This presents a rare opportunity to acquire a well-positioned commercial property with proven income generation and significant upside potential in a desirable New Jersey location. The 0.46-acre lot offers ample space for potential future development or expansion. This is a truly exceptional opportunity for investors seeking a stable and profitable commercial investment.
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
- Hardyston
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.5243
- Latitude
- 41.0918
