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170 N. Main Street — Wharton, NJ

Shovel-Ready 75-Unit Mixed-Use Development


Executive Summary

170 N. Main Street is a 2.95-acre, fully entitled mixed-use development site approved for a four-story project comprising 75 residential units and approximately 9,100 SF of street-level retail. Final site plan, engineering, environmental, and NJDEP approvals are in place and valid through June 2026, allowing construction to commence immediately post-closing.

Prime Location & Accessibility

Highway Access

1 mile from I-80 / NJ-15 interchange for seamless regional connectivity

Retail Hub

Adjacent to Rockaway Townsquare Mall, a major shopping destination

Transit Ready

10 minutes to NJ Transit's Dover station for NYC commuters

Investment Highlights

1

Shovel-Ready Land

Engineering, environmental, and NJDEP permits in hand—no entitlement delays

2

Desirable Unit Mix

54 × 1-BR, 12 × 2-BR, 9 × 3-BR apartments with weighted average of 905 SF

3

Ample Parking

170 structured stalls meeting 1.0 stall/bed + 3.5/1,000 SF retail standard

4

Employment Hub

Honeywell, BASF, and Zoetis within 15-minute drive radius

5

Limited Pipeline

Less than 760 multifamily units underway in Western Morris County

6

Strong Demand

Population growth and rising home prices drive sustained rental demand


Development Advantages


Final Site Plan Approved

Build immediately with final site plan in hand. All approvals are valid through June 2026, giving you ample time to secure financing and begin construction without regulatory delays.

This fully-entitled property eliminates the typical 12-18 month approval process, allowing you to capitalize on current market conditions and deliver units faster than competitors.

Market Dynamics

4%

County Vacancy

Exceptionally low multifamily vacancy rate indicates strong demand

760

Limited Supply

Units currently under construction in Western Morris County

75

Total Units

Apartments plus 9,100 SF of street-front retail space

Unit Mix Breakdown

1-Bedroom

54 units

2-Bedroom

12 units

3-Bedroom

9 units

Detailed Unit Specifications

This 75-unit development features a strategic mix of apartment sizes, averaging 905 SF, designed to capture diverse tenant demographics.


Site Details & Specifications

Block / Lot

301 / 1

Land Area

2.954 AC (128,676 SF)

Zoning

I-1 with Main St Mixed-Use Overlay

Approved Height

4 stories / 65 feet

Density

25.4 DU/AC (75 units)

Retail Bays

7 inline spaces (±9,163 SF)

Seize This Opportunity

170 N Main Street is a fully approved, shovel-ready mixed-use development with a defined program, secured entitlements, and a clear execution timeline.

The site allows investor capital to transition directly from acquisition to construction, with risk concentrated on build and delivery rather than zoning or approvals.


Ready to Learn More?

Contact our team to receive detailed financial information, property reports, and to schedule a site visit. We're here to answer your questions and facilitate your due diligence process.

Contact TES Realty Group

Email

admin@tesrealtygroup.com

Phone

(201) 905-1114

© 2025 TES Realty Group, Inc. All rights reserved.
TES Realty Group, Inc. is a commercial real estate brokerage and advisory firm providing investment sales and capital markets advisory services in New York and New Jersey.
Nothing contained herein constitutes legal, tax, investment, or financial advice, nor an offer or solicitation to purchase or sell any real estate or security.
All property information is provided for illustrative purposes only, is subject to errors, omissions, changes, or withdrawal without notice, and is not guaranteed.