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$249,000
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Property Description
Seize this unique opportunity to own a prime commercial property with immense potential in Mount Olive Twp. Previously approved for a 2-island gas station, this parcel is ideally located at a signalized intersection with excellent road frontage on two major roadways, including a state highway.Property Features:Strategic Location: Enjoy high visibility and accessibility with 200+/- feet of frontage on US-46, perfect for capturing both local and commuter traffic.Versatile Zoning: Permitted uses include retail, service stations, fast food, billboards, automotive and truck sales, and more, providing multiple revenue opportunities.Lot Size: Spanning .29 acres, this lot offers ample space to develop a thriving business while accommodating customer parking and additional facilities.High Traffic Area: Positioned on a busy corridor, this site benefits from substantial daily traffic counts, ensuring a constant flow of potential customers.Additional Advantages:Signalized Intersection: Enhances accessibility and safety for vehicles entering and exiting the property.Development Ready: With prior approval for a 2-island gas station, this site is primed for rapid development with the potential for various commercial projects.Discover the possibilities at this highly desirable location, ideal for business ventures looking to capitalize on a premium position within a vibrant market area.
Full Property Details
Full Property Details for 398 US Hwy 46
General
- Price: $249,000
- Taxes: $4,183 (2024)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 3964504
- Updated: 9/12/2025
- Added to Site: 252 day(s) ago
Location
- County: Morris
- Driving Directions: Corner of Rt 46 & Sand Shore Dr
- Total Lots Available: 2
Utilities
- Sewer: Septic System Required
- Water: Well Required
- Utility Description: No Utilities
Lot Features
- Lot Size (Acres): 0.29
- Lot Size: Irregular
- Frontage: State Road
- Frontage Feet: 300
- Street/Road Desc.: Public Maintained Road
- Development Status: Raw Land
- Land Improvements: No Land Improvements
- Present Use: Commercial, Vacant/Unimproved
- Zoning: C-2 Commercia, General Commercial
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $123,600
- Land Assmt: $123,600
- Tax Amount: $4,183
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: No Documents Available
- Disclosures/Reports: Yes
- Surveyed: Yes
- Block: 8301
- Lot Number: 17 & 18
Listed by Realty One Group Next Door
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Schools
Schools serving 398 US Hwy 46
School District:Mount Olive Township School District
| Name | Grades | Distance |
|---|---|---|
Mt Olive Middle School 160 Wolfe Road, Mount Olive, NJ 07828 | 6-8 | 1.8 mi |
Mt Olive High School 18 Corey Road, Mount Olive, NJ 07836 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 398 US Hwy 46
Date
Details
Price
Change
Source
9/12/2025
Price Reduced
$249,000
-16.72%
MLS
6/17/2025
Price Increased
$299,000
30.57%
MLS
5/14/2025
Listed
$229,000
281.67%
MLS
2/12/2016
Sold
$60,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 398 US Hwy 46
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,184
4%
$123,600
—
2022
$4,040
—
$123,600
—
2021
$4,029
—
$123,600
—
2018
$4,042
2%
$123,600
—
2017
$3,971
-3%
$123,600
—
2019
$4,081
58%
$123,600
49%
2016
$2,579
1%
$82,900
—
2015
$2,559
1%
$82,900
—
2013
$2,538
—
$82,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 398 US Hwy 46
398 US Highway 46, Mount Olive, NJ 07840 (MLS# 3964504) is a Lots/Land property with a lot size of 0.29 acres. 398 US Highway 46 is currently listed for $249,000 and was received on May 14, 2025. Want to learn more about 398 US Highway 46? Do you have questions about finding other Lots/Land real estate for sale in Mount Olive? You can browse all Mount Olive real estate or contact a Coldwell Banker agent to request more information.

