823827 State Route 57 Active

Greenwich,NJ 08323

$ 1199895

- Bed

0 Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 22419286

Annual Tax Amount $20,921

Tax Year 2023

Lot Size 1.290 Acres

Property Description

This very unique Mixed-Use property was acquired by its current Owner's over a period of 8 years and who purchased these as three separate parcels that create the sum of the whole, that is now being offered for sale as a complete package. Located on highly visible Route 57 is where you will find the first of these three parcels that consists of a Building with Retail space on the first floor, 3 Bedroom Apartment above and a parking lot that also services the 5 Unit Motel. The second and third parcels share an access Easement along the left side that leads to the two Single Family Homes with the one located to the rear left featuring 2 Bedrooms, full Bath and a basement, while the one to the rear right features 4 Bedrooms, full Bath and 2 car Garage. Seller's represent receiving Gross Income of $99,600.00, Annual Expenses of $37,728.00, resulting in Net Operating Income of $61,872.00 and a Capitalization Rate of 5.1% at the current asking price.

Location

State NJ

County Warren

Area None

Interior

Heating Baseboard,Forced Air

Cooling Central Air,Window Unit(s)

Exterior

Garage On Site,Public Lot

Garage Spaces 2.0

Amenities Available Landscaping

Building

Sewer Septic Tank

Water Well

New Construction No

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