Prime mixed-use commercial property with strong income and development potential. This well-maintained 2-unit building sits on 0.72 acres and features an exclusive 25+ car private parking lot. The lot measures 176' on the street side, 208' on the left, 191' at the rear, and 144' on the right. The first… Read More floor is leased to an established gentlemen's lounge with four years remaining on the lease, and the tenant holds rights to a liquor license, offering stable income. The second floor consists of a spacious 2-bedroom apartment currently rented on a month-to-month basis, allowing flexibility for future use or repositioning. An additional revenue stream comes from a 60-foot standalone sign pole located in the back parking lot, which pays monthly rent. Conveniently located off Route 80 and Route 46, this property offers excellent visibility and easy highway access. With multiple income sources, ample on-site parking, and strong redevelopment potential, this is an outstanding opportunity for investors or owner-users seeking a high-exposure location with upside. 1st floor business pays $6,240 per month, 2nd floor 2 Bedroom brings in $2,000 per month. , and the advertising poll pays $1,125 per month. Read Less
Courtesy of REALTY ONE GROUP LEGEND, FRED NOURI, 973-652-4372
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Square Ft.
3,262
Lot Size
0.72 Acres
Year Built
1920
MLS Number
4023427
30 Days Snapshot Of 07424
$667k
+22%
(avg) sold price
16
+33%
homes sold
72
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Full, Walkout, Yes
Building
Built in 1920
Cooling
Wall A/C Unit(s), Window A/C(s)
Exterior Features
Aluminum, Vinyl
Water Features
Public Water
Heating
Gas-Natural, 2 Units
Lot
Approximate Lot Size: 31,484, 0.72 acres, Level Lot, Waterfront
Property
3,262 sqft building, 2 units
Roof
Asphalt Shingle, Flat
Sewer
Public Sewer
Taxes
Annual Tax Amount: $13,454, Tax Rate: 3.347
Utilities
Gas-Natural
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