# 172 Rt15, Lafayette Twp, NJ 07848-2609 > **TL;DR:** land, $1,500,000. Est. $8,023/mo. Listed 76 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,500,000 | | Lot Size | 688,248 sqft (15.80 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 76 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $7,585 | | Estimated Insurance | $438 | | **Total** | **$8,023** | ## Property Highlights - 15.80 acre lot ## Description ### Agent Description Rare 15-Acre Highway Commercial & Residential Development Opportunity on Route 15An exceptional opportunity to acquire approximately 15 acres along the highly traveled Route 15 corridor in Lafayette Township, offering a unique combination of Highway Commercial and residential zoning, substantial road frontage, and existing income.The property features approximately 690 feet of frontage on Route 15 plus an additional 958 feet along Statesville Quarry Road, providing outstanding visibility and access potential. Approximately 5 acres are zoned Highway Commercial, while the remaining 10 acres are zoned for 5-acre residential use, creating multiple possibilities for commercial development, investment, residential subdivision, or a combination of uses, subject to municipal approvals.Adding immediate value is an existing Lamar Advertising billboard lease generating annual income, with contractual annual increases. The billboard has maintained a presence at the property for approximately 60 years and provides income from day one while a buyer holds, plans, or pursues approvals for the property.With nearly 1,650 feet of combined road frontage, established highway exposure, dual zoning, and income already in place, this is a distinctive offering in a market where comparable large development parcels are increasingly difficult to find.Ideal for developers, investors, commercial users, builders, or buyers seeking a long-term land investment with multiple potential paths forward.172 Route 15, Lafayette, NJ Block 18, Lot 14.02 ## Location - **Address:** 172 Rt15, Lafayette Twp, NJ 07848-2609 - **County:** Sussex - **Coordinates:** 41.10799, -74.70059 - **Google Maps:** https://www.google.com/maps?q=41.10799,-74.70059 ## Listing Agent - **Name:** KYLE R. KERWIN - **Brokerage:** RE/MAX SELECT - **Broker Phone:** (973) 539-6300 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/172-Rt-15_Lafayette-Twp_NJ_07848_M98976-80984?f=listhub&s=GSMLSNJ&m=4047195&c=propsimple) ## Photos ![172 Rt15 - Photo 1](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f1688241342r.jpg) ![172 Rt15 - Photo 2](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f3065115555r.jpg) ![172 Rt15 - Photo 3](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f4094003993r.jpg) ![172 Rt15 - Photo 4](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f3314548836r.jpg) ![172 Rt15 - Photo 5](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f1804965989r.jpg) ![172 Rt15 - Photo 6](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f1167565335r.jpg) ![172 Rt15 - Photo 7](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f4140350533r.jpg) ![172 Rt15 - Photo 8](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f4254456202r.jpg) ![172 Rt15 - Photo 9](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f2700366354r.jpg) ![172 Rt15 - Photo 10](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f215120430r.jpg) ![172 Rt15 - Photo 11](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f3134246822r.jpg) ![172 Rt15 - Photo 12](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f3791560572r.jpg) ![172 Rt15 - Photo 13](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f459430066r.jpg) ![172 Rt15 - Photo 14](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f553485372r.jpg) ![172 Rt15 - Photo 15](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f2381361911r.jpg) ![172 Rt15 - Photo 16](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f2115415740r.jpg) ![172 Rt15 - Photo 17](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f952229618r.jpg) ![172 Rt15 - Photo 18](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f3188895521r.jpg) ![172 Rt15 - Photo 19](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f676936938r.jpg) ![172 Rt15 - Photo 20](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f2332924114r.jpg) ![172 Rt15 - Photo 21](http://lh.rdcpix.com/e58d0824862fea3cdf006571980732f5l-f4044080286r.jpg) --- **MLS#:** 4047195 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/172-rt15-lafayette-twp-nj-07848-2609-f32bc033ef014a0bbdc0e937347b2ae0) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/172-rt15-lafayette-twp-nj-07848-2609-f32bc033ef014a0bbdc0e937347b2ae0#listing", "url": "https://www.propertysimple.ai/listing/172-rt15-lafayette-twp-nj-07848-2609-f32bc033ef014a0bbdc0e937347b2ae0", "name": "172 Rt15, Lafayette Twp, NJ 07848-2609", "description": "Rare 15-Acre Highway Commercial & Residential Development Opportunity on Route 15An exceptional opportunity to acquire approximately 15 acres along the highly traveled Route 15 corridor in Lafayette Township, offering a unique combination of Highway Commercial and residential zoning, substantial road frontage, and existing income.The property features approximately 690 feet of frontage on Route 15 plus an additional 958 feet along Statesville Quarry Road, providing outstanding visibility and access potential. Approximately 5 acres are zoned Highway Commercial, while the remaining 10 acres are zoned for 5-acre residential use, creating multiple possibilities for commercial development, investment, residential subdivision, or a combination of uses, subject to municipal approvals.Adding immediate value is an existing Lamar Advertising billboard lease generating annual income, with contractual annual increases. 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