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$ 1,250,000
Est. payment | /mo
18,000 SqFt
$ 1,250,000
Est. payment | /mo
18,000 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 18,000 sqft
Price per Sqft $69
MLS Listing ID 4053511
Year Built 1900
Annual Tax Amount $14,000
Tax Year 2025
Property Description
Excellent opportunity to own a fully renovated approximately 18,000-square-foot commercial property in the heart of Washington, Warren County, New Jersey. The property currently features an established storefront tenant generating $6,500 per month in rental income, while annual property expenses are approximately $20,000, including $14,000 in real estate taxes and $6,000 in property insurance.The building underwent extensive renovations approximately two years ago, providing a strong foundation for both current income and future investment potential. Improvements include a new HVAC system, new roof, new ceilings, updated flooring, plumbing improvements, and extensive interior renovations, allowing a new owner to benefit from a substantially improved property without the need for major immediate capital improvements.Beyond the existing commercial income, the property presents an attractive long-term redevelopment opportunity. The township may allow residential apartments to be developed above the existing commercial space, creating the potential for a mixed-use property combining retail and residential income. This flexibility provides an investor or owner-user with the opportunity to explore additional income-producing space and potentially increase the property's overall value through future redevelopment.
Location
State NJ
County Warren
Zoning B2
Rooms
Basement Finished-Partially, Full, Storage
Interior
Heating Electric, Gas-Natural
Cooling 1 Unit
Flooring See Remarks
Equipment Fire Alarm
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Garage Spaces 10.0
Utilities Available See Remarks
Roof Type Asphalt Shingle, See Remarks
Garage No
Building
Story 2
Sewer See Remarks
Water Public Water
Others
Ownership Fee Simple
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Listed by WEICHERT REALTORS
Nearby Locations
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111 Howard Blvd, Ste 202, Mt Arlington, NJ 07856-1315, USA