House Description

This well situated vast 62+ acre property boasts very high visibility from both Rt 15 and Rt 565 and is near the junction of Rt 206 providing excellent public facings---The property is also situated across from Skylands Stadium which hosts concerts and events as well as being the home of the Sussex Miners Baseball Team who are a part of the Frontier League - a designated MLB Partner League---There is approximately 600 feet of visibility along Rt 15 and 2400 feet of road frontage along Rt 565---Current owner improved the property by clearing portions of the land and creating a system of roads for access---he entire property was recently reclassified as CED2 zoning which allows a number of commercial uses---Note - Survey shows partial AR zoning, which has since been reclassified as all CED2 Zoning---In addition to the land, there are several barns including a large dairy barn that can be repurposed (approximately 6000 SF) and a currently rented 3 BR home that yields a rental income to cover taxes/carrying costs---. With a consistently upward shifting demographic of new home owners and businesses moving to Sussex County over the past few years, this opportunity to develop a visible commercial project should appeal to any investor looking to add to their portfolio.

Highlights

Listed by MARC WEITZ , MP FAIRCLOUGH REALTORS , 973-726-7800. Garden State MLS

Property Type

Vacant Land

Lot/Acreage

County

Sussex

Listing ID

4041968

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Payment Breakdown

Principal Interest

$14,504

Taxes

$25

Home Price

$2,850,000

Home Price

Loan Details

30 yrs

6.562%

Interest Rate

Loan Type

Down Payment

20%

$570,000

Down Payment

Down Payment %

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Monthly Price:

$14,504.24

Principal

Taxes