466 Rt 206Newton, NJ 07860

For Sale
$895,000

High-Visibility, Multi-Building Investment Opportunity

Overview

Added:
Feb 3
Days on market:
39
This exceptional commercial property in Newton, NJ, presents a rare investment opportunity. Situated on a 4.42-acre parcel with prominent highway frontage on Route 206, this offering includes four existing buildings. Currently, the property comprises a two-unit multi-family dwelling, two income-producing commercial spaces, and a storage shed. The strategic location near a busy intersection ensures high visibility and significant traffic exposure, making it ideal for a variety of commercial uses. The substantial 4.42-acre lot offers significant potential for expansion. The existing land could accommodate the construction of a second residential structure and/or an additional storage shed, potentially increasing the building count to six or seven. The property's value is further enhanced by its proximity to the soon-to-open Andover train station, providing convenient access to New York City. This prime location in Sussex County, combined with the existing income-generating properties and the potential for future development, makes this a truly exceptional investment opportunity with significant long-term growth potential. The property totals 3,839 square feet of existing building space.

Property Details for 466 Rt 206

Property type
Other commercial real estate
Square Feet
3,839 SF
Year Built
1950
Lot Size (sq. ft)
192,535 SF

Location Insight

City
Newton
County
Sussex
State
New Jersey
Latitude
41.02145
Longitude
-74.76973
466 Rt 206, Newton, New Jersey

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466 Rt 206
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