11 Route 15 - Freestanding FOR SALE


Lafayette, NJ 07848
$1,600,000 USD
973-580-9123
11 Route 15, Lafayette, NJ for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/26
null | 7% Cap Rate

11 Route 15
Lafayette, NJ 07848


HIGHLIGHTS

  • 18,000+ daily pass-by vehicles on Route 15 — one of Sussex County's top three commercial corridors
  • 100% occupied — five tenants, immediate income, zero lease-up risk
  • Diversified tenant mix spanning food, personal care, outdoor specialty retail, wellness, and creative arts
  • Bagful O' Bagels anchors consistent daily foot traffic as a voted area favorite
  • Covered front walkway + ample parking — built for multi-tenant convenience

OVERVIEW

A fully tenanted, five-unit retail strip plaza on one of Sussex County's primary commercial corridors, offering immediate stabilized cash flow and exceptional visibility. Over 18,000 vehicles pass the plaza daily on Route 15 — continuous exposure for a complementary tenant mix that includes Village Main Salon, Golden Stone Outfitters (fly fishing gear, guides & lessons), Bagful O' Bagels (voted one of the area's best), One More Aroma Spa and Massage, and Hangin' by a Thread fabric boutique and classes. A covered front walkway, ample parking, and easy access ensure pass-by traffic converts to foot traffic. The 5-mile trade area supports nearly 29,000 residents with median household incomes of $100K–$122K. Lafayette's Route 15/94 interchange is the commercial heart of Sussex County, with year-round draw from the Delaware Water Gap, regional trout streams, and Lake Mohawk.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied Retail Strip Plaza | Route 15

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

RPD

APN/PARCEL ID

12-40305-0000-00005

ASK ABOUT THIS PROPERTY

Brian FaircloughFairclough RealtorsMore Info
973-580-9123

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Brian FaircloughFairclough RealtorsMore Info
973-580-9123

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.