Auction Information
Online Bidding Site$1 Auction 1.38 AC Northern NJ | Industrial Zoning
RI MARKETPLACE ONLINE AUCTION OCT 14-16
BID ON RI 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...
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 Transits 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
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel Information