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Commercial

1160 Route 70, Manchester, NJ

1160 NJ-70, Manchester, NJ 08759

Listing Price: $5,250,000

Lot Size
25.60 acres
Price/Acre
$205,078
Land Type
Land

Investment Overview

Marcus & Millichap has been retained by the owner as the exclusive advisor for the sale of the Manchester Development Site, a +/- 25.86-acre, multi-use development site in Manchester, Ocean County, New Jersey. The site provides developers and investors the ability to design the highest-and-best use at the site while meeting the future needs of the surrounding marketplace through efficient design

The Manchester Development Site perimeter to the south is surrounded my creditworthy retail tenants that are in high demand throughout New Jersey while to the north, the property is bordered by a thoughtfully designed single family home community. Beyond the property perimeter, you will notice many more existing residential communities with more planned for development.

The Ocean County Natural Lands Trust Fund controls 25,640 acres preserved acres equating to 4.4% of Ocean County land while the Pinelands National Reserve controls over 1.1 million acres of land spanning seven counties and Joint Base McGuire-Dix-Lakehurst military base comprises 42,000 contiguous acres in Ocean and Burlington County.

Manchester’s population had grown by 16.25% from 2000-2021 which continues to see population growth exceeding the county and state average. The Township of Manchester has a strong senior housing market consisting of 21 housing communities comprised of 18,000 units with more senior and non-senior communities planned.

Investment Highlights

  • Approved Uses: Commercial, Retail and Industrial
  • Zoning: Qualified Opportunity Zone
  • Frontage: 825 Feet Along State Highway
  • Population Growth: 22% Increase Expected by 2034
  • Nearby Major National Retailers

Exclusively Listed By

Commercial

1160 Route 70, Manchester, NJ

Listing Price: $5,250,000

Lot Size
25.60 acres
Price/Acre
$205,078
Land Type
Land

Investment Highlights

  • Approved Uses: Commercial, Retail and Industrial
  • Zoning: Qualified Opportunity Zone
  • Frontage: 825 Feet Along State Highway
  • Population Growth: 22% Increase Expected by 2034
  • Nearby Major National Retailers

Investment Overview

Marcus & Millichap has been retained by the owner as the exclusive advisor for the sale of the Manchester Development Site, a +/- 25.86-acre, multi-use development site in Manchester, Ocean County, New Jersey. The site provides developers and investors the ability to design the highest-and-best use at the site while meeting the future needs of the surrounding marketplace through efficient design The Manchester Development Site perimeter to the south is surrounded my creditworthy retail tenants that are in high demand throughout New Jersey while to the north, the property is bordered by a thoughtfully designed single family home community. Beyond the property perimeter, you will notice many more existing residential communities with more planned for development. The Ocean County Natural Lands Trust Fund controls 25,640 acres preserved acres equating to 4.4% of Ocean County land while the Pinelands National Reserve controls over 1.1 million acres of land spanning seven counties and Joint Base McGuire-Dix-Lakehurst military base comprises 42,000 contiguous acres in Ocean and Burlington County. Manchester’s population had grown by 16.25% from 2000-2021 which continues to see population growth exceeding the county and state average. The Township of Manchester has a strong senior housing market consisting of 21 housing communities comprised of 18,000 units with more senior and non-senior communities planned.

Exclusively Listed By

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