539 Rte 515 Vernon, NJ 07462
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.