Auction Information
Online Bidding Site0.9 Acres in Hamburg, NJ
RealINSIGHT Marketplace Online Auction Mar. 20-22, 2023
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Investment Highlights
Development Opportunity in North Jersey Approximately 50 Miles Northwest of New York City
Zoned HC, Highway Commercial Allowing for Flexible Commercial Uses including Townhouses and Garden Apartments
Compelling Real Estate Fundamentals with a 2022 Population of 92,997 and Average Household Income of $130,163 (5-Miles)
Absolute $1 Auction NO RESERVE!
Offering Summary
Marcus & Millichap and RI Marketplace are pleased to present a 0.906-AC land parcel located at 151 Route 23 (the Property) in Hamburg, New Jersey approximately 50 miles northwest of New York City. The Property offers an exceptional investment opportunity via development in an affluent market and first bid meets reserve!
The Property consists ...
The Property consists of a 0.906-acre land parcel along NJ Route 23 (Hamburg Turnpike) and benefitting from direct access and visibility to 17,325 vehicles per day. The Property is currently zoned HC, Highway Commercial, intended to provide for commercial uses normally requiring a larger area and generating a greater intensity of traffic and usage serving the needs of the immediate community and the larger regions.
The Property is in the Borough of Hamburg in Sussex County, New Jersey approximately 50 miles northwest of New York City. The Property benefits from being less than 2 miles from major national retailers including ShopRite, Walmart, Starbucks, Walgreens, Weis Market, Anytime Fitness, and many others. As of 2022, there were approximately 92,997 residents with a average household income of $130,163 within a 5-mile radius.
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