Property profile

23 Nj-23 Pequannock Township, NJ 07440

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 2-acre commercial land parcel in Pequannock Township, Morris County, New Jersey, presents a unique ground lease opportunity. Located on heavily trafficked NJ-23, this property boasts over 64,000 cars passing daily, ensuring high visibility and significant marketing potential for your business. The site is zoned C-2, allowing for a diverse range of commercial uses, providing flexibility for various development plans. Multiple ingress/egress points offer convenient access for customers and employees, enhancing operational efficiency. The property's prominent location on Route 23 ensures maximum exposure to a large customer base. For businesses requiring additional space, an expansion option of 0.39 acres is available, providing scalability for future growth. This prime location in Pequannock Township, with its high traffic volume and versatile zoning, offers an unparalleled opportunity for commercial development or investment. The address is 23 NJ-23, Pequannock Township, NJ 07440. This is a single-tenant property, ideal for a business seeking a high-profile location with excellent accessibility. Don't miss this chance to secure a prominent position on one of New Jersey's busiest thoroughfares.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

23 Nj-23 Pequannock Township, NJ 07440
Pequannock 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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