Northern Nj, Industrial Zoning

Land Description

Ri Marketplace Online Auction Oct 14-16, 2024.

Register To Bid On Marketplace.

Investment Highlights

±1.38-AC Development Opportunity in Affluent Long Hill Township, Nj

Positioned Near Valley Road (±16K Vpd) with Convenient Access to I-78 and Greater New York Metro

Affluent Demographics with Average Household Income of $161K and Population of ±109K Residents Within 5-Mile Radius

Nearby Retail Include ShopRite Grocer, HomeGoods, Walgreens, TJ Maxx, Old Navy, Dunkin, and more

Favorable Li-2, Light Industrial Zoning with Permitted Uses including Manufacturing, Warehouse, Wholesale Trade, Child Care Center, Medical, and Professional Office

5% Population Growth from 2010-2024 and Future Growth Projected from 2024-2029 (3-mile radius)

Absolute $1 Auction - NO Reserve.

Offering Summary

Marcus & Millichap is pleased to present ±1.38-Acres of land located adjacent to 356 Warren Road (the “Property”) in Sterling, New Jersey. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property consists of two parcels totaling ±1.38 acres situated adjacent to a dental office and near Valley Road with traffic counts of ±16,381 vehicles per day. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include ShopRite Grocer, HomeGoods, Walgreens, TJ Maxx, Old Navy, Dunkin, Sherwin Williams, Burger King, Verizon, Citizens Bank, Exxon, Trek, Grind Time Fitness, and more. The Property benefits from Li-2, Light Industrial Zoning with flexible uses permitted including manufacturing, warehouse, wholesale trade, business, medical, professional office, research laboratories, childcare center, and many more.

Long Hill Township is an affluent community located in Morris County, New Jersey and positioned approximately 30 miles west of New York City. The township is well-connected through several major transportation routes, including Interstate 78, Route 22, as well as New Jersey Transit's Gladstone Branch, which provides direct rail service to Manhattan. The Property is located in an affluent area with an average household income of $161,296 within a 5-mile radius. The population has experienced 5.14% growth from 2010-2024 with growth expected to continue through 2028.

Peter Costanzo

c/o Fisher Auction Company, Inc.

License: BK No. 8910502