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Mixed-Use Land for Sale in Wantage Township, New Jersey

1050 State Route 23, Wantage Township, NJ 07461

$729,999
3.24 acres
Active sale
$20k drop
Est $4,756/mo

ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 9% CAP RATE! This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall. The property's flexible configuration offers potential for restaurant or catering use, while the adjacent space presents an excellent opportunity for a liquor store conveniently located beside the banquet hall. A Class 33 liquor license is available for purchase separately for an additional $200,000. Ideal for investors, owner-operators, or business owners seeking multiple revenue streams, this well-maintained property offers strong rental appeal and exciting opportunities for growth and expansion. Septic will be replaced prior to closing. Don't miss this unique investment opportunity!

—
Sq feet
2021
Built

Location

Street address
1050 State Route 23
Zip code
07461
Elevation
581 feet
Coordinates
41.263, -74.6343

Property details

Acreage
3.24 acres
Zoning
Commercial
MLS #
GSMLS 4052387
Posted

Property taxes

2024
$9,024

Details and features

Listing

Franchise
Realty Executives International

Lot

Features
Lake/Water View, Stream On Lot

Structure

Water
Well
Heating
Forced Air
Cooling
Ductless

Listing history

DateEventPriceChangeSource
Oct 14, 2026Price drop$729,999$20,000 -2.7%GSMLS
Sept 13, 2026New listing$749,999—GSMLS
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This 3.24-acre property is located at 1050 State Route 23 in Wantage Township, NJ 07461. The property is available for sale, priced at $729,999. It has a structure built in 2021.

Listed by Realty Executives Exceptional, (973) 575-6700

Checked 2 hours agoUpdated

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Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Jeannette Burke
Realty Executives Exceptional
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