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111 Highland Lakes Rd

8,000 SF 100% Leased Retail Building Highland Lakes, NJ 07422 £2,934,188 (£367/SF)

Investment Highlights

  • Multiple income streams from primary businesses: "D" distribution liquor license, grocery, hardware, lottery tickets, merchandise
  • 2 apartments perfect for owner/user - 3 bedroom 2 bath unit and a 2 bedroom 1 bath unit
  • Located at the entrance of Highland Lakes affording completive advantages based on it's location at "the top of the mountain"

Executive Summary

Discover an exceptional opportunity to own a piece of local history with the Highland General Store, founded in 1938 and operate by the Dupont family since 1953, is a well-established business that has proudly served the community for 86 years. Situated on the border of picturesque Highland Lakes area, this beloved general store has become a cornerstone of the community, offering both a thriving business and valuable real estate.
Property Highlights:
• Rich History: In continuous operation for over seven decades, the Highland General Store has been a trusted destination for Year Round residents and Summer visitors alike. Its longstanding reputation for quality service and community focus is unmatched.
• Prime Location: Ideally positioned on the border of the scenic Highland Lakes community, the store serves as a central hub for year-round residents, vacationers, and outdoor enthusiasts.
• Turnkey Business: Fully equipped and operational, the store offers a wide range of products, including groceries, hardware, beer, wine and spirits, household essentials, and locally sourced goods. Additional profit centers include garden supplies, a deli section, and lottery sales. With a loyal customer base and consistent foot traffic, the business is primed for continued success.
• Distribution Liquor License (44): This license offers a significant competitive advantage in the constrained Liquor License market in Vernon Township. A distribution license permits the sale of alcoholic beverages for off-premise consumption without any quota restrictions or limits to the quantity of beer, wine, and spirits that can be sold.
• Expansion Potential: The property offers opportunities to grow the business further by expanding product lines, adding outdoor equipment, or offering new services such as a café or delivery.
• Spacious Retail Space: The interior provides ample room for product displays and customer flow, creating a welcoming environment.
• High Visibility & Traffic: Located in a high-traffic area frequented by locals and travelers alike, the store benefits from its proximity to recreational activities such as skiing at the nearby Mountain Creek Resort, in close proximity to 7 highly rated popular golf course, along with hiking, fishing, and lakeside leisure.
• Established Brand: As a business with 71 years of history, the Highland General Store is a well-known and trusted name, providing a strong foundation for any new owner.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Building Size
8,000 SF
Building Class
C
Year Built/Renovated
1936/1980
Price
£2,934,188
Price Per SF
£367
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.15
Land Acres
1.26 AC
Zoning
C-1 - This property is zoned "C-1", also known as neighborhood commercial and it is likely that current use will continue-Additional zoning detail available
Frontage
290 ft on Highland Lakes Rd

Amenities

  • Signage
  • Smoke Detector

About 111 Highland Lakes Rd , Highland Lakes, NJ 07422

The Property: • Lot Size: 1.26 Acres • Building Size: 8,000 sq ft+- • Property Description: Mixed use, First floor retail with two residential units above - • Residential Description: 1 three bedroom, two bath and 1 two bedroom one bath unit • Parking: Ample on-site parking for customers • Zoning: Mixed-use, allowing for both commercial and residential possibilities This is an exceptional chance to take ownership of a profitable, long-standing business that is woven into the fabric of the Highland Lakes community. With room for growth and expansion, the Highland General Store offers both a stable income and the potential to build upon its legacy.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
22 00491-0000-00023
Land Assessment
£102,736
Improvements Assessment
£411,099
Total Assessment
£513,835
  • Listing ID: 33994077

  • Date on Market: 25/11/2024

  • Last Updated:

  • Address: 111 Highland Lakes Rd, Highland Lakes, NJ 07422

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