172 Route 15 Rt 1.68 - 15.6 Acre Commercial Land Lots Offered at $1,500,000 in Lafayette, NJ 07848

172 Route 15 presents a rare investment and development opportunity along one of Sussex County’s primary commercial corridors in Lafayette Township. Offered at $1,500,000, the sale includes **two deeded parcels totaling approximately 17.286 gross acres**, providing a unique combination of highway commercial frontage, residential acreage, dual-road exposure, and existing income.
The principal parcel contains approximately 15.61 gross acres, with roughly 5 acres located in the HC Highway Commercial Zone and approximately 10.6 acres in the R-5.0 Residential Zone. An additional deeded parcel of approximately 1.676 gross acres is also included in the offering.
The HC portion offers prominent Route 15 exposure and zoning that provides for a variety of potential commercial uses, including retail and service establishments, restaurants, offices, financial institutions, sports and health facilities, and other uses subject to applicable approvals. The R-5.0 portion provides additional residential development potential, with zoning requiring a 5-acre minimum lot size for conventional single-family development.
The property benefits from substantial frontage along both Route 15 and Statesville Quarry Road, creating multiple potential access and development opportunities. An existing Lamar Advertising billboard lease provides established income with contractual annual increases, offering a valuable carrying-income component while a purchaser evaluates future development plans.
**Investment Highlights:**
* Two deeded parcels included in the sale
* Approximately 17.286 gross deed acres combined
* Approximately 5 acres of HC Highway Commercial zoning
* Approximately 10.6 acres of R-5.0 Residential zoning on the principal parcel
* Approximately 690 feet of Route 15 frontage per marketing materials
* Approximately 958 feet of Statesville Quarry Road frontage per deed
* High-visibility Route 15 location
* Existing income-producing billboard lease with annual increases
* Multiple potential commercial and residential development paths
* Natural gas and electric providers reported in the area
* Offered at $1,500,000
A compelling opportunity for developers, investors, commercial users, or builders seeking a substantial land holding with highway exposure, multiple zoning classifications, existing income, and long-term development potential in Lafayette Township.
All acreage, zoning, permitted uses, frontage, utilities, access, environmental conditions, septic/well feasibility, subdivision potential, and development yield are subject to independent verification and all required governmental approvals.