Lake Hopatcong, N.J. (September 4, 2019) – NAI James E. Hanson announces it has negotiated the sale of a 6,000-square-foot retail building at 802-808 Route 15 in Lake Hopatcong, N.J. NAI James E. Hanson’s Joe Vindigni represented the seller, BD Newhouse LLC in the transaction with the buyer, Gardners Shed.
Conveniently located directly off Route 15, the retail property offers proximity to Route 80 with access to a population of over 24,000 potential shoppers within a three-mile radius. Comprised of seven rentable units, 802-808 Route 15 features ample parking and 50’ of lake access making it well-suited for a wide range of retail uses. The buyer, Gardners Shed, will be occupying a portion of the space while maintaining the balance as an income producing investment property.
“Our team recognized early on that this property’s strategic location and a wide range of tenants made it an ideal investment opportunity in this market,” said Vindigni. “Leveraging our decades of experience in northern New Jersey, we were able to effectively market the property to secure a buyer and negotiate a deal for fair market value on behalf of our client.”