Multi-Tenant Retail Adjacent Land
Jefferson Township, NJ 07438
Morris County, New Jersey
Land Description
RI Marketplace Online Auction Sept 10-12, 2024.
Register to bid on Marketplace.
Investment Highlights
±1.49-AC of Land Adjacent to Multi-Tenant Retail in Jefferson Township, Nj.
Positioned Along Berk Valley Road (±10K Vpd) with Convenient Access to I-80, Newark, and New York City
Affluent Demographics with 3-Mile Ahhi of and 5-Mile Population of ±22K and Annual Household Income of Retail Include BP, Cvs, McDonald's, Acme Grocery, and Snap Fitness
Favorable C-1, Neighborhood Business Zoning with Permitted Uses including Retail, Bank, Personal Service, Restaurant, Office, Cannabis Retail (conditional use)
3.61% Population Growth from 2010-2023 and Future Growth Projected from 2023-2028 (5-mile radius)
Absolute Auction - NO Reserve.
Marcus & Millichap is pleased to present ±1.49-Acres of land located adjacent to 5561 Berkshire Valley Road (the “Property”) in Oak Ridge, New Jersey. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.
The Property consists of two parcels totaling ±1.49 acres situated adjacent to a multi-tenant retail building on Berkshire Valley Road with ±359 feet of frontage and benefitting from traffic counts of ±10,217 vehicles per day. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include BP, Cvs, McDonald's, Acme Grocery, Snap Fitness, and more. The Property benefits from C-1, Neighborhood Business Zoning with flexible uses permitted including retail, restaurant, financial institutions, office, personal service stores, cannabis retail (conditional use), and many more.
Jefferson Township is in Morris County, New Jersey and positioned approximately 40 miles northwest of New York City. The township is well-connected through several major transportation routes, including Interstate 80, Route 15, and Route 23, which facilitate easy access to New York City, as well as other key areas in New Jersey. The Property is located in an affluent area with an Ahhi of 40,748 within a 3-mile radius and a population of 22,148 residents and an average household income of 48,744 within a 5-mile radius. The population has experienced 3.61% growth from 2010-2023 with 3.16% growth expected to continue through 2028.
Richard G. Warner
c/o Fisher Auction Company Inc.
License: 0120281
