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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 acquire a fully approved, ready-to-build commercial development site along highly traveled Route 46 in Mount Olive Township, Morris County. The approximately 6.75-acre property offers approvals for a 27,000-square-foot commercial building, with plans also accommodating a secondary retail/commercial building, creating flexibility for a range of owner-user, investment, retail, medical, restaurant, service and other commercial uses.
The property is designed to provide excellent visibility and accessibility, featuring approximately 580 feet of frontage along Route 46, 119 planned parking spaces, and full access via a signalized intersection. Proposed pylon signage further enhances the property's potential for prominent roadside exposure.
The site is strategically positioned within an established regional retail corridor surrounded by major national and local shopping destinations, including 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. Its location provides convenient regional connectivity to Route 46, Interstate 80 and the surrounding Morris County trade area.
With significant entitlement work already completed, this offering presents a compelling opportunity for a developer, investor or end user seeking to substantially reduce the time and uncertainty typically associated with the municipal approval process and move directly toward construction.
Property Highlights
• Approximately 6.75 acres
• Fully approved for up to 27,000 SF
• Potential secondary retail/commercial building
• Approximately 580' +/- of Route 46 frontage
• 119 planned parking spaces
• Full access at a signalized intersection
• Proposed pylon signage
• Flexible commercial development configuration
• Surrounded by established national retailers and major shopping destinations
• Convenient access to Route 46 and Interstate 80
• Prime Morris County location
The public property report identifies the site as approximately 6.765 acres / 294,683 square feet in Mount Olive Township.

All information contained herein, including dimensions, approvals, site plans, renderings, tenant and retailer references, and other property details, has been obtained from sources deemed reliable but is not guaranteed and is subject to errors, omissions, changes in price or terms, prior sale or lease, withdrawal, and independent verification by prospective purchasers or tenants. Any plans, renderings, boundaries, locations, improvements, or development concepts shown are for illustrative purposes only, may not be to scale, and should not be relied upon in place of independent due diligence, surveys, engineering, governmental approvals, 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 0.60 AC

1 Lot Available

Lot

Price $5,700,000
Price Per AC $9,500,000.00
Lot Size 0.60 AC

Fully Approved Route 46 Development Opportunity on 6.75 Acres | 71 Route 46, Budd Lake, NJ

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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