51 International Dr Mount Olive, NJ 07836
- Land
Current Use by Public Records
- Land
Property Details for 51 International Dr
- Property type
- Land
Description
This exceptional ±5-acre commercial land parcel in Mount Olive, New Jersey, presents a unique investment opportunity. The property features a ±6,450 square foot vacant building, previously used as a restaurant, offering significant redevelopment potential. Strategically located on International Drive in Morris County, this site boasts high visibility and accessibility, situated near Interstate 80, a major transportation artery. The property benefits from shared parking and outdoor seating amenities with an existing Chili's restaurant, providing a combined 244 parking spaces. The high traffic volume of International Drive (6,486 AADT) and the proximity to Interstate 80 (88,067 AADT) ensure substantial exposure. Furthermore, the property's location near the newly redeveloped ITC Crossing South (514,903 square feet GLA) adds to its desirability and potential for increased value. This prime location is ideal for a variety of commercial uses, particularly full-service or quick-service restaurants seeking a well-established area with ample parking and high traffic counts. The asking price for this remarkable property is $5,000,000. The property's zoning and specific permitted uses should be verified independently. This is a rare opportunity to acquire a significant commercial property in a thriving New Jersey location. The zip code is 07836.
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
- Mount Olive
- County
- Morris
- State
- New Jersey
- Longitude
- -74.7134
- Latitude
- 40.8877
