20231 JOHN J WILLIAMS HIGHWAY
About This Property
Whether you're an investor, entrepreneur, owner-user, or someone seeking a one-of-a-kind live/work property, the possibilities here are extraordinary. Buyers may wish to explore Multi-Family, Commercial, or Conditional Use opportunities (subject to approvals), making this an exceptional opportunity for medical or professional offices, wellness services, boutique retail, personal services, contractor offices, mixed-use concepts, and other business ventures seeking prominent exposure in a rapidly expanding area.
The property includes a distinctive contemporary home offering three bedrooms, an open-concept floor plan, geothermal heating and cooling, and a private backyard complete with an in-ground pool surrounded by mature landscaping. An expansive front field creates an impressive setting while offering additional flexibility for future use.
Adding to the property's appeal is the former glass-blowing studio, a truly unique structure featuring additional bedrooms and a bathroom on the upper level, creating incredible flexibility for studio space, offices, guest accommodations, creative pursuits, or future business opportunities.
Properties offering this combination of acreage, location, existing improvements, and future potential rarely become available. While the two parcels are listed separately in the MLS, they are being offered and sold together as one property. This represents one of the most unique investment and development opportunities to come to the open market in Sussex County in many years. Also listed under commerical -DESU2116598 .
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Listed by Monument Sotheby's International Realty | $2,500,000 | |
| Listed by Monument Sotheby's International Realty | |||
| Jun 22, 1999 | Sold | ||
| Sold | |||
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About Sussex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017