Description
At edge of NJ find the gateway to the Lehigh Valley, here on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near the popular train rides with city parking out back. Classic charming fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery, with 4 years to go on the lease. This mixed-use property offers excellent potential; two renovated apartments above are ready to go! Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops and eateries. Restaurant could rent for $2500/month (now vacant, for sale). At this price, buyer is in charge of finishing c/o work (approx $8-10,k code work). Property has an Interconnected fire alarm - needs a house panel to fully comply to code. Two apartments above should command at least $1500 each. $60,k gross annual rent potential. Nice property with an upside and excellent spot to invest, in historic downtown PBurg! Scenic riverside spot with popular consigner and art center on the block. Walkable to downtown historic Easton PA - a quick stroll across the free bridge lands you in this fabulous LOCATION that is brimming with opportunity.