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Harshad Phadke
REALTOR®
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50 Drakestown Rd, Mount Olive, NJ 07840

$2,900,000
  • 50 Drakestown Rd, Mount Olive, NJ 07840 Main Photo

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Active
MLS#4006859
STATUS PROPERTY TYPECommercial - Business

Property Description

Unique commercially zoned property. 35.09 acres of improved land with an extensive array of existing structures and amenities. Due to Highlands regulations, further subdivision or redevelopment is restricted, making this ideal for a buyer seeking to rehabilitate, restore, or continue use of the existing improvements. At the heart of the property is a Victorian era residence showcasing historic craftsmanship. Home features fireplaces, hardwood flooring, stonework, current permit for 10 furnished rooms in main house. An efficiency apartment in main residence The expansive grounds include several multifamily residential buildings with rental potential, approx 24 one room cabins, and rec hall. The property features sheds, workshops & utility buildings, Additional amenities include designated trailer and RV sites with existing infrastructure, 6 established campsite pads with fire pits. Electric service throughout the grounds supporting a variety of recreational and operational uses including an inground pool with picnic area, hot tub, sun deck, volleyball & shuffleboard courts. The expansive layout and existing features provide flexibility for a variety of permitted uses, The property does require rehabilitation and is best suited for a buyer with vision who understands the value of improving and maintaining existing structures within the Highlands framework. A rare opportunity to acquire a large, improved tract with historic character.

50 Drakestown Rd | MLS# 4006859

This commercial property located at 50 Drakestown Rd, Mount Olive, NJ 07840 is currently listed for sale with an asking price of $2,900,000. Search Mount Olive real estate on harshadphadke.realtymark.net today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Basement: Storage, Unfinished
Cooling: No Cool
Fuel Type: Oil Tank Below Ground, Wood
Heating: Multi-Zone, Radiators - Hot Water, See Remarks
Lot Size: 35.09 Acres
Roof Type: Flat, Wood Shingle
Stories: 3.0
Taxes: $32,614
Year Built: 1820

Feature Descriptions

Days on Site: 72
Exterior: Composition Shingle
Flooring: Carpeting, Tile, Wood
Location: Residential Area, Rural Area, See Remarks
Lot: Open Lot, Wooded Lot
Lot Dimensions: 35.09 acre(s)
Max Door height: 8
Parking: 1 Car Width, Blacktop, Circular, Paver Block
Sewer: Cesspool, Private
Units: 28
Utilities: Electric, See Remarks

Listed By / Shown By

Listed By

Agency Name: COLDWELL BANKER REALTY
Agency Contact: 908-310-3356

Shown By

Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark

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All commissions are negotiable Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/09/2026. The listing information on this page last changed on 04/09/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 04/09/2026 12:05:11 AM EST) or Stellar MLS (last updated Wed 04/08/2026 11:59:18 PM EST) or GSMLS (last updated Wed 04/08/2026 11:54:09 PM EST) or Emerald Coast MLS (last updated Wed 04/08/2026 11:55:28 PM EST) or Central Panhandle Association of Realtors (last updated Wed 04/08/2026 11:57:22 PM EST) or Beaches MLS (last updated Wed 04/08/2026 11:59:07 PM EST) or Naples MLS (last updated Wed 04/08/2026 11:41:06 PM EST) or Bright MLS (last updated Wed 04/08/2026 11:58:06 PM EST) or OneKey MLS (last updated Thu 04/09/2026 12:00:15 AM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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