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sales rep | Brivity IDX

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172 Rt15 , Lafayette Twp., NJ 07848
$1,500,000
Est. Payment: $8,100.02/mo
15.61 Acres
Status: active | Days on site: 88
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158125 - 408011
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House Description

Rare 15-Acre Highway Commercial & Residential Development Opportunity on Route 15An exceptional opportunity to acquire approximately 15 acres along the highly traveled Route 15 corridor in Lafayette Township, offering a unique combination of Highway Commercial and residential zoning, substantial road frontage, and existing income.The property features approximately 690 feet of frontage on Route 15 plus an additional 958 feet along Statesville Quarry Road, providing outstanding visibility and access potential. Approximately 5 acres are zoned Highway Commercial, while the remaining 10 acres are zoned for 5-acre residential use, creating multiple possibilities for commercial development, investment, residential subdivision, or a combination of uses, subject to municipal approvals.Adding immediate value is an existing Lamar Advertising billboard lease generating annual income, with contractual annual increases. The billboard has maintained a presence at the property for approximately 60 years and provides income from day one while a buyer holds, plans, or pursues approvals for the property.With nearly 1,650 feet of combined road frontage, established highway exposure, dual zoning, and income already in place, this is a distinctive offering in a market where comparable large development parcels are increasingly difficult to find.Ideal for developers, investors, commercial users, builders, or buyers seeking a long-term land investment with multiple potential paths forward.

Highlights

Listed by KYLE R. KERWIN , MP RE/MAX SELECT , 973-625-0450. Garden State MLS

Property Type

Commercial Sale

Lot/Acreage
15.61

Year Built

9999

County

Sussex

Listing ID

4047196

Questions about this listing?

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Interior Features

Air Cond:See Remarks
Fireplaces:
Water:See Remarks

Exterior Features

Lot Dimensions:15.61 ACS
Zoning:HC
Roof:See Remarks
Others:
  • ▪ Additional:See Remarks
Sewer:See Remarks
Parking Features:See Remarks
Principal Interest
$8,100
Taxes
$26

Home Price

$1,500,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,100.02

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,100.02 $26.33 $0.00 $8,126.35
Yearly $97,200.21 $316.00 $0.00 $97,516.21
Total $2,916,006.17 $9,480.00 $0.00 $2,925,486.17
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Lafayette Twp., NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T15:59:50.000Z

© 2026 Garden State MLS