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Investment Highlights

  • Premium Location with over 500' of Frontage on Route 46
  • Fully Approved and Ready to Build

Executive Summary

Rare opportunity to purchase or lease a fully approved commercial development site along highly traveled Route 46 in Mount Olive Township, Morris County. Available for sale or lease, the approximately 6.75-acre property is approved for a maximum combined total of up to 27,000 square feet of commercial building space. The site may accommodate one anchor building of up to approximately 27,000 square feet or a two-building configuration consisting of an approximately 20,000-square-foot anchor building, give or take, and a secondary retail or commercial building ranging from approximately 2,000 to 10,000 square feet, provided the total combined building area does not exceed 27,000 square feet.
Featuring approximately 580 feet of Route 46 frontage, 119 planned parking spaces, full access through a signalized intersection and proposed pylon signage, the property offers excellent visibility, accessibility and flexible development potential. The site is positioned within an established regional retail corridor near Walmart, Lowe’s, TJ Maxx, HomeGoods, Michaels, PetSmart, Panera Bread, Kohl’s, Staples, Marshalls, Old Navy, Ulta Beauty, Five Below and numerous other retailers and service businesses, with convenient access to Route 46, Interstate 80 and the surrounding Morris County trade area.
**Property Highlights**
• Available for sale or lease
• Approximately 6.75 acres
• Fully approved for up to 27,000 square feet of total commercial building space
• Option for one anchor building of up to approximately 27,000 square feet
• Alternative two-building configuration
• Approximately 20,000-square-foot anchor building, give or take
• Secondary building ranging from approximately 2,000 to 10,000 square feet
• Maximum combined building area of 27,000 square feet
• Approximately 580 feet of Route 46 frontage
• 119 planned parking spaces
• Full access through a signalized intersection
• Proposed pylon signage
• Flexible retail, commercial, medical, restaurant, service and owner-user potential
• Convenient access to Route 46 and Interstate 80
• Prime Morris County location
The public property report identifies the site as approximately 6.765 acres, or 294,683 square feet, in Mount Olive Township.
All information contained herein, including acreage, dimensions, square footage, approvals, permitted uses, building configurations, site plans, parking counts, renderings and other property details, has been obtained from sources deemed reliable but is not guaranteed and is subject to errors, omissions, modifications, governmental requirements, prior sale or lease, withdrawal and independent verification. All plans, renderings, boundaries, building locations and development concepts are for illustrative purposes only, may not be to scale and should not be relied upon in place of independent due diligence, surveys, engineering, zoning analysis, governmental confirmation or other professional review.

Property Facts

Price $5,700,000
Sale Type Investment or Owner User
Sale Conditions
1031 Exchange
  • Build to Suit
  • Lease Option
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Retail
Total Lot Size 6.75 AC

1 Lot Available

Lot

Price $5,700,000
Price Per AC $844,444.44
Lot Size 6.75 AC

Fully Approved Route 46 Development Opportunity on 6.75 Acres | 71 Route 46, Budd Lake, NJ - Up to 27,000 SF of Commercial Space

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
27-04100-0000-00080-01
Land Assessment
$744,200
Improvements Assessment
$1,000
Total Assessment
$745,200
  • Listing ID: 41318980

  • Date on Market: 7/16/2026

  • Last Updated:

  • Address: 71 Route 46, Mount Olive, NJ 07828

Contact the Sale Advisor

71 Route 46

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