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- LoopNet Team
517-519 Route 515
Vernon, NJ 07462
Land For Sale
·
2.23 AC
Property Facts
| Property Type | Land | Total Lot Size | 2.23 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 2.23 AC |
Description
CBRE’s Investment Properties team is pleased to present a 2.23-acre development site located at 517-519 Route 515, Vernon, Sussex County, New Jersey. The parcel is within a recently created redevelopment zone designated as Town Center District which offers development incentives and numerous permitted uses. The property has approximately 275 feet of frontage on County Route 515, and offers excellent visibility to traffic in both directions. It is located across the street from Vernon Valley Plaza, a 93,000-square foot shopping center anchored by Acme Market. Additional nearby tenants include CVS, Rite Aid, Dunkin’, Burger King, and Chase Bank. While ingress/egress from Route 515 is approved, there is also access from Main Street which shares a signalized intersection with Route 515. Average daily traffic counts exceed 13,000 vehicles per day. Located in northwestern New Jersey, Vernon is home to a number of hospitality and recreation venues offering snow sports, golf, water parks, hiking and more. Vernon is home to Mountain Creek, Crystal Springs Resort's Minerals Hotel and Elements Spa, and the National Winter Activity Center. In addition to traffic from tourism, the average household income within five miles is over $106,000. Offered at under $135,000 per acre, 517-519 Route 515 offers owner occupiers and merchant developers an excellent opportunity in the heart of Vernon’s commercial district and within the redevelopment zone.
