Technical
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Property profile

398 Us-46 Hackettstown, NJ 07840

OFF-MARKET
Land
0.29 ac lot
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Property summary

AI-generated overview

This exceptional 0.29-acre commercial lot in Hackettstown, New Jersey, presents a unique investment opportunity. Located at 398 US-46 in Morris County (zip code 07840), this property boasts a prime location at a signalized intersection with approximately 200 feet of frontage on US-46, a major thoroughfare with an AADT (Average Annual Daily Traffic) of 19,880 vehicles in 2020, according to NJ DOT data. Previously approved for a two-island gas station, the property is zoned C-2, allowing for a wide range of permitted and conditional uses, including retail establishments, service stations, fast-food restaurants, billboards, and automotive and truck sales. The zoning information can be accessed via provided links to the Mount Olive Township website and eCode360. Proposed utilities include septic and well systems. The area is well-established, with nearby businesses such as Nature's Food Markets, Burger King, Retro Fitness, KinderCare, Frank's Pizza, and TD Bank, indicating strong commercial activity and potential for high visibility and customer traffic. The asking price for this strategically located parcel is $299,000. This is an excellent opportunity for developers and investors seeking a high-traffic location with diverse development potential.

Property profile

Verified
Property type Land
Lot 0.29 ac (12,632 SF)

Cap rate & NOI

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

Location

398 Us-46 Hackettstown, NJ 07840
Hackettstown metro
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Value estimations

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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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