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Property profile & analytics
OFF-MARKET
Commercial real estate

539 Rte 515 Vernon, NJ 07462

7,074 SF 0.55 ac lot Built 1975
Property ID
Property summary
AI-generated overview

This exceptional 7,074 square foot commercial building, situated on a 0.55-acre lot at 539 Route 515, Unit 539 in Vernon, NJ, presents a remarkable investment opportunity. Currently zoned for Vernon Town Center, this two-story property boasts high ceilings and previously served as office space, offering significant adaptability. Its prominent location ensures high visibility and allows for effective signage, making it ideally suited for retail ventures. The building's spacious layout provides ample room for various business configurations. The property's strategic positioning within the Town Center offers excellent access and exposure to potential customers. Furthermore, the possibility of acquiring the adjoining property exists, presenting a unique opportunity for expansion and increased road frontage along the newly developed Town Center Main Street. This assemblage would significantly enhance the property's overall value and potential. The asking price for this versatile commercial space is $499,000. This property is ready for immediate occupancy and offers a compelling blend of location, size, and potential for future growth. Don't miss this chance to secure a prime commercial asset in a thriving Vernon location.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Total area 7,074 SF
Lot 0.55 ac (23,958 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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