1045 Limecrest RdLafayette, NJ 07848

  • Other commercial real estate
  • 85.39 AC
For Sale

Property Details for 1045 Limecrest Rd

Construction
FRAME
Lot size
85.39 AC
Zone code
I
Property type
Other commercial real estate
APN
02 00108-0000-00004- 02
APU
20010800000000402

Description

This exceptional 85-acre industrial land parcel in Lafayette, New Jersey (Sussex County, zip code 07848) presents a significant development opportunity within the Rt 206 Redevelopment Zone. The site, located at 1045 Limecrest Rd, has already undergone significant preparation, including clearing, grading, and site work, making it ready for immediate construction. A nearly completed 52,000 square foot steel building (90% complete, constructed in 2020) is currently on-site. Preliminary township approvals for a 600,000 square foot warehouse (60-foot clear height) have been received, and prior wetland permits and environmental studies are complete. Conceptual designs include a single, up to 500,000 square foot building, which would necessitate the removal or relocation of the existing structure. Built-to-suit options are available for various sizes and configurations. The property offers county road access and the potential for a rail spur extension from an existing rail line along the northeast property boundary. This location benefits from strong demographics and proximity to major transportation arteries, making it an attractive investment in a thriving market. The property is currently vacant and available for lease under a NNN lease structure. The total square footage is flexible, ranging from 250,000 to 600,000 square feet, accommodating a variety of industrial uses, including warehouse, manufacturing, and refrigerated/cold storage.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,057,628,416
    Hospitality
    $968,781,952
    Educational
    $806,015,168
    Medical
    $833,735,296
    Retail
    $1,253,801,472
1045 Limecrest Rd, Lafayette, New Jersey

Location Insight

City
Lafayette
County
Sussex
State
New Jersey
Latitude
41.0511
Longitude
-74.6915
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$45,171
$960,600
$200,000
$1,160,600
-
$960,600
$200,000
$1,160,600

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