513 Lafayette RdSparta, NJ 07871

Property Details for 513 Lafayette Rd

Construction

BRICK

Lot size

2.02 AC

Zone code

PVC

Property type

Other commercial real estate

APN

18 16008-0000-00008

APU

1816008000000008

Description

This exceptional 1,590 square foot retail space is located within the Shops at North Village, a vibrant new mixed-use development in Sparta, New Jersey. Situated on Route 15, one of Sussex County's busiest north-south arteries, this property benefits from high visibility and significant daily traffic exceeding 25,000 vehicles. The Shops at North Village is the largest and newest shopping center in the county, boasting a total of 141,000 square feet of retail, restaurant, and entertainment space. A newly opened, state-of-the-art ShopRite (80,000 sq ft) and a 15,000 sq ft ShopRite Wine & Liquors anchor this thriving center. The development also includes 305 residential units, creating a built-in customer base. The surrounding area features 58 townhomes, 60 multifamily dwellings, a 72-unit assisted living facility, and 92 single-family homes, further enhancing the property's appeal and potential. The property is classified as Class A and offers ample parking with a ratio of 5 spaces per 1,000 square feet. This single-tenant space presents a unique opportunity for businesses seeking a prime location within a rapidly growing community in Sussex County, NJ. The address is 513 Lafayette Rd, Sparta, NJ 07871.

• Alternative Use

  Use

  Valuation

  Residential

  $24,969,904

  Hospitality

  $22,872,298

  Educational

  $19,029,482

  Medical

  $19,683,936

  Retail

  $29,601,418

Location Insight

City

Sparta

County

Sussex

State

New Jersey

Latitude

41.0712

Longitude

-74.6547

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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