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Description

Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive income potential exceeding $138,000 annually! We have created comprehensive floor plans and future plans to add 3 additional units to the front building, which has partial approvals. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 8 units, the gross income could reach an astounding $220,000. This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don?t miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let?s collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!

Features

Heating System : 4+ Units, Forced Hot Air, Radiators - Hot Water, Radiant - Electric
Cooling System : Central Air, 4+ Units, Ductless Split Ac
Basement : Full, Unfinished, Storage
Roof Deck : Asphalt Shingle
Furnished : Tile, Carpeting, Laminate, Vinyl-linoleum, Concrete
Lot Description: Level Lot, Possible Subdivision
Tax Assessed Valuation: 699400
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: Electric, Gas-Natural

Additional Info

Office Name: KELLER WILLIAMS VILLAGE SQUARE
Office MLS ID: 4182
Agent ID: 293663
Tax: 20230
Tax Year: 2023
Application Fee: $0
Zoning: Mixed

Commercial For Sale

For Sale

$1,650,000

354 S Main St, Wharton Boro, *

150 Acre
Built Year 1900

Details

Property Type: Commercial
Listing Type: For Sale
Listing ID: 5297960
Price: $1,650,000
Bedrooms: 0
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 1900
Year Built Description: Approximate, Renovated
Lot Area: 150 Acre
Status: Active
Days On Market: 0

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Morris
City Wharton Boro
Zipcode *
Street: S Main St
Street Number: 354
Street Direction: E. Sterling St. to S. Main St. or use GPS/Waze
Floor Number: 0
Longitude: W75° 25' 15.3''
Latitude: N40° 53' 14.2''
Internet Display Address: No