Properties

Description

High-Yield Investment Opportunity on State Route 23Introducing a premier commercial real estate investment along the bustling State Route 23. This property presents a remarkable opportunity with a tenant already in place, generating an estimated 6% CAP rate. Spanning 2,700 sq ft, it offers potential for diversification through multi-tenant strategies, enhancing its income-producing capacity. Situated on a high-traffic highway, it guarantees visibility and accessibility, two critical factors for sustained occupancy and rental growth. This turnkey investment is not just an acquisition but a strategic asset offering stable cash flow, growth potential in a thriving location, and the flexibility to adapt to market demands. Capitalize on this opportunity to own a piece of the commercial growth trajectory on State Route 23.

Features

  • Heating System : Baseboard - Hotwater, 3 Units
  • Cooling System : 3 Units, Central Air
  • Basement : Full
  • Roof Deck : Asphalt Shingle
  • Furnished : Tile, Carpeting
  • Lot Description: Corner, Level Lot
  • Tax Assessed Valuation: 344300
  • Sewer: Septic
  • Water: Well

Appliances

  • Utilities: Electric, Gas-Propane

Additional Info

  • Office Name: KRUMPFER REALTY GROUP
  • Office MLS ID: 6205
  • Agent ID: 310893
  • Tax: 10483
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: B-2

Commercial For Sale

For Sale
$489,000

2786 Rt 23, Hardyston Twp., *

  • SQFT 0.46 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5280524
  • Price: $489,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Unknown
  • Lot Area: 0.46 Acre
  • Status: Active
  • Days On Market: 201

Contact Agent

Map

Address Map

  • Country US
  • County Sussex
  • City Hardyston Twp.
  • Zipcode *
  • Street: Rt 23
  • Street Number: 2786
  • Street Direction: Route 287 to route 23 North. 15 miles property is
  • Floor Number: 0
  • Longitude: W75° 28' 32.8''
  • Latitude: N41° 5' 30.5''
  • Internet Display Address: Yes
Property