170 Main StWharton, NJ 07885

  • Industrial properties
  • 2.95 AC
For Sale

Property Details for 170 Main St

Lot size
2.95 AC
Zone code
I-1
Property type
Industrial properties
Property subtype
Other industrial properties
APN
39 00301-0000-00001
APU
3900301000000001

Description

This exceptional 2.95-acre site in Wharton, NJ, presents a prime development opportunity. Located at 170 N Main St, this property boasts fully approved zoning (Planned Industrial (I-1) Main Street District Overlay (170 N.)) for a 75-unit mixed-use building, encompassing approximately 103,000 square feet. The approved plans include roughly 9,200 square feet of retail space, catering to a diverse range of needs. Its strategic location just off Christopher Columbus Highway offers stunning waterfront views of Washington Pond, enhancing its appeal. The property benefits from its proximity to major national retailers such as Costco, Target, Home Depot, and Best Buy at the nearby Rockaway Townsquare, ensuring high visibility and convenient access. Furthermore, its location near the recently completed 250-unit Avalon Wharton luxury residential development underscores the area's desirability and growth potential. This fully entitled project represents a unique chance to capitalize on the increasing demand for new residential construction in a thriving market. The property's zoning and location make it an ideal investment for developers seeking a high-impact project in a desirable New Jersey location. The address is 170 N Main St, Wharton, NJ 07885.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,900,528
    Hospitality
    $24,640,740
    Educational
    $20,500,806
    Medical
    $21,205,860
    Retail
    $31,890,142
170 Main St, Wharton, New Jersey

Location Insight

City
Wharton
County
Morris
State
New Jersey
Latitude
40.9049
Longitude
-74.5774
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
$44,136
$1,477,000
$100
$1,477,100
-
$1,477,000
$100
$1,477,100

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