List Search

205 State Rt 23
Wantage, NJ 07461

Price Upon Request

General Retail For Sale  •  116,450 SF

Property Details

  • Property Type General Retail
  • Total Building Size 116,450 SF
  • Lot Size 12.98 AC
  • Building Class B
  • Year Built 1970
  • Tenancy Multiple
  • Zoning Highway Commercial
0 Transit Score
41 Walk Score

Highlights

Prime visibility along NJ-23, the dominant north–south commercial artery for Sussex County, offering direct access to I-287, I-80 and I-84.
Eleven fully occupied suites & an AT&T cell tower totaling ±116,450 SF, anchored by CubeSmart, and surrounded by necessity-driven tenant.
100% physical occupancy across retail and 67.4% across self storage, generating $718,414 of in-place NOI, with multiple levers for further growth.
±60,922 NRSF of climate-controlled storage managed by CubeSmart, plus 108 fully secured exterior RV/boat parking spaces.
Phase I – Online as of Oct. 20, 2023. Phase III – Online as of Sept. 17, 2025. Phase II – Online as of Oct. 20, 2025.
±34,292 SF retail center is fully leased at an average rent of $11.85/SF, well below prevailing market rates for Northern New Jersey retail.

Amenities

  • Fenced Lot
  • Restaurant
  • Storage Space

Public Transportation

AirportDriveWalkDistance
New York Stewart International 66 min - 42.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 532
Type: Surface
Included in Rent: Yes
Robert Cook 708-243-9414 Matthews REIS
Robert Cook 708-243-9414 Matthews REIS