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$629,999

  • For Sale
  • Active
  • Office
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ATTENTION INVESTORS! Presenting a fabulous, renovated mixed-use property offering exceptional income potential and a 10% CAP RATE. This versatile building features three rental units, including two updated apartments, dedicated office space, and a spacious event/banquet hall area. Flexible configuration allows for potential restaurant or catering use, making this an ideal opportunity for investors, owner-operators, or business owners seeking additional revenue streams. The property has been thoughtfully improved and well maintained, ensuring strong rental appeal and long-term stability. Don't miss your chance to own this high-yield, multi-functional property with countless opportunities for growth and expansion. A must-see for serious investors!

Full Property Details for 1050 State Rt 23

General

  • Price: $629,999
  • Taxes: $9,024 (2024)
  • Status: Active
  • Type: Office
  • Source: Garden_State
  • MLS ID: 4001594
  • Updated: 12/16/2025
  • Added to Site: 63 day(s) ago

Business

  • Includes: Building & Land, Equipment

Rental Information

  • Lease/Rent Term: Other
  • Lease Includes: Building Insurance, Building Maintenance, Common Area Maint, Sewer, Taxes, Water
  • Lease Terms: 1 Year Minimum

Interior

  • Flooring: Carpeting, Laminate, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Restrooms: 3

Additional Information

  • Equipment: Appliances, Kitchen Area, Restrooms - Private, Smoke Detector

Exterior

  • Color: Gray

Parking

  • Garage Spaces: 50
  • Total Spaces: 50
  • Parking: Blacktop, Off-Street Parking, Parking Lot-Exclusive

Location

  • County: Sussex
  • Driving Directions: route 23 in Wantage
  • Location Details: Highway Location, Rural Area

Heating & Cooling

  • Cooling Type: 3 Units, Ductless Split AC
  • Heating Type: 4+ Units, Forced Hot Air, Multi-Zone
  • Heating Fuel: Oil Tank Above Ground - Outside

Utilities

  • Sewer: Septic
  • Water: Well
  • Utility Description: Electric, Cable TV Available

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Full, Storage, Unfinished
  • Roof: Asphalt Shingles
  • Stories in Building: 2
  • Square Feet: 5,000
  • Aprox. Leasable: 3,000 Sq. Ft.
  • Previous Bldg. Use: Mixed Use/Office/Apts/Banquet
  • Office: 1,500 Sq. Ft.
  • Year Built: 2021
  • Remodeled/Updated: 2021

Unit Information

  • 3 Bedroom Units: 1
  • Units w/Full Bath: 3
  • Units w/Half Bath: 1

Lot Features

  • Lot Size (Acres): 3.24
  • Lot Size: 3.24 AC
  • Permitted Use: Mixed Use/Office/Apts/Banquet Hall
  • Zoning: Commercial
  • Lot Description: Lake/Water View, Stream On Lot

Financial Considerations

  • Expenses: Electricity, Gas/Oil, Insurance, Maintenance - Exterior, Snow Removal, Taxes, Trash, Water/Sewer
  • Operating Expenses: $27,945
  • Assessment Amount: $305,600
  • Land Assmt: $134,900
  • Tax Amount: $9,024
  • Tax Year: 2024
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Financial Statement, Income & Expenses
  • Disclosures: Yes
  • APN: 2824-00136-0000-00013-0000-
  • Block: 136
  • Lot Number: 13

Listed by Realty Executives Exceptional

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Listing agent

— 1050 State Rt 23 —

  • Realty Executives Exceptional

973-670-1960

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1050 State Rt 23

School Districts:Sussex-Wantage Regional School District, High Point Regional School District
NameGradesDistance
Wantage Elementary School
815 New Jersey 23, Wantage, NJ 07461
3-52.4 mi
Clifton E. Lawrence Elementary School
31 Ryan Road, Wantage, NJ 07461
PK-22.6 mi
Sussex Middle School
10 Loomis Avenue, Sussex, NJ 07461
6-84 mi
High Point Regional High School
299 Pidgeon Hill Road, Sussex, NJ 07461
9-124.4 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 1050 State Rt 23 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/13/2025
Listed
$629,999
950%
MLS
8/09/2021
Sold
$60,000
—
Public Record
Get Price Alerts and Save Property
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 for 1050 State Rt 23

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,024
1%
$305,600
—
2023
$8,899
58%
$305,600
56%
2022
$5,633
1%
$195,800
—
2021
$5,602
3%
$195,800
—
2020
$5,418
3%
$195,800
—
2019
$5,261
-49%
$195,800
-51%
2018
$10,301
—
$395,600
—
2017
$10,345
-2%
$395,600
—
2016
$10,578
3%
$395,600
—
2015
$10,238
11%
$395,600
—
2013
$9,214
—
$395,600
—
View All
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 for 1050 State Rt 23

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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1050 State Rt 23, Wantage, NJ 07461 (MLS# 4001594) is a Office property. 1050 State Rt 23 is currently listed for $629,999 and was received on December 13, 2025. Want to learn more about 1050 State Rt 23? Do you have questions about finding other Office real estate for sale in Wantage? You can browse all Wantage real estate or contact a Coldwell Banker agent to request more information.

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