Goodman, from Blue Chip Realty, said the land likely is more valuable as another use. It already has ample parking. It is served by Route 9 and Route 33. And a housing and retail development on 73 acres of farmland in Freehold Township just south of the track is underway.

Freehold Raceway, the oldest horse racing track in the United States, is shutting down at the end of the year.

Freehold Raceway, the oldest horse racing track in the country, will close in December after 170 years. It will mean the end of an era in New Jersey.