99 Mulford Ct Lot | Terrain commercial | 16,19 ha | À vendre | Lafayette, NJ 07848

Discover a compelling development opportunity in Andover, New Jersey, with this 40-acre property boasting strong regional connectivity and direct access to major highways at 99 Mulford Court. Featuring convenient access to logistics infrastructure, including direct rail access on the northeastern edge, the Mulford Court development site presents an ideal canvas for the creation of new distribution, logistics, or industrial operations that require bulk shipping capabilities.

Zoned for industrial use, the land presents flexible development potential, including the possibility of a ±200,000-square-foot warehouse facility, contingent upon approvals. Zoning at the site also allows use as cannabis cultivation, a rarity in the region. The property’s scale and infrastructure advantages provide significant cost and efficiency benefits for future users or tenants. With contiguous acreage and strategic positioning, it stands out as a prime candidate for large-scale development in a region where such opportunities are rare.

The property’s central placement between Highways 15 and 206 ensures simplified commutes and swift movement of goods across the greater region, with nearby connections to Interstate 80. These vital arteries allow businesses to extend their reach to many major metropolitan hubs within a single day’s drive. Additionally, the Newark Liberty International Airport is less than an hour away, providing further long-distance and international shipping capabilities. The accessible location allows employees at the site to reach quality amenities in a short drive, including industry-leading retailers along Highway 206 such as Walmart Supercenter, Harbor Freight, The Home Depot, and Weis Markets, as well as several nearby lush golf courses.

The surrounding region provides a premier choice for developers and investors of industrial space, with strong submarket fundamentals. The Sussex County Industrial Submarket currently posts vacancies of just 3.7%, demonstrating consistent tenant demand in the area. This tight submarket offers substantial opportunity for long-term appreciation and revenue generation, with rents rising an average of 8.1% annually during the past five years.

Supporting industrial activity in the area, businesses can tap into a valuable demographic profile when looking within 10 miles of the Mulford Court development site. A growing population of more than 125,000 fuels over 5,900 businesses with a dependable workforce of more than 46,500. With more than 25% of these workers employed in blue-collar industries, there is no shortage of qualified new talent to drive growth and expansion for industrial businesses and investors.

Stake a claim on one of the rarest and most versatile development sites in northern New Jersey, with optionality for industrial, logistics, warehousing, and cannabis use at 99 Mulford Court. Reach out to the Carla Development Group today to schedule a tour and learn more about this incredible offer.