513 Lafayette Rd, Sparta, NJ 07871-3448
This exceptional 1,590 square foot retail space is located within the Shops at North Village, a vibrant new mixed-use development in Sparta, New Jersey. Situated on Route 15, one of Sussex County's busiest north-south arteries, this property benefits from high visibility and significant daily traffic exceeding 25,000 vehicles. The Shops at North Village is the largest and newest shopping center in the county, boasting a total of 141,000 square feet of retail, restaurant, and entertainment space. A newly opened, state-of-the-art ShopRite (80,000 sq ft) and a 15,000 sq ft ShopRite Wine & Liquors anchor this thriving center. The development also includes 305 residential units, creating a built-in customer base. The surrounding area features 58 townhomes, 60 multifamily dwellings, a 72-unit assisted living facility, and 92 single-family homes, further enhancing the property's appeal and potential. The property is classified as Class A and offers ample parking with a ratio of 5 spaces per 1,000 square feet. This single-tenant space presents a unique opportunity for businesses seeking a prime location within a rapidly growing community in Sussex County, NJ. The address is 513 Lafayette Rd, Sparta, NJ 07871.
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The Chelsea at Sparta Nursing Home Retirement Community
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
PVC · Sparta, NJSparta. Always verify with local authorities before improvements.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.