NJ > Phillipsburg Town
Phillipsburg Town, NJ 08865,150 S MAIN ST
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Phillipsburg Town, NJ 08865,150 S MAIN ST
Phillipsburg Town, NJ 08865,150 S MAIN ST
Phillipsburg Town, NJ 08865,150 S MAIN ST
Phillipsburg Town, NJ 08865,150 S MAIN ST
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Karen Scarpa

Karen Scarpa

+1(732) 631-4514
$ 425,000
Est. payment /mo
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150 S MAIN ST Phillipsburg Town, NJ 08865

2,178 Sqft Lot

UPDATED:

08/19/2024 07:39 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3905135

Year Built 1939

Annual Tax Amount $9,680

Tax Year 2019

Lot Size 2,178 Sqft

Property 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 parking out back. Classic charming fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for yum Poblano eatery, with 4 years to go on the lease. This mixed use property offers excellent potential; two renovated apartments above need a few code items to be completed, in order to rent but they are not too far off. Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer Current restaurant rent goes up to $2060/mon. in oct, and up thru 2028 and the food is scrumptious! Near many more cute shops and eateries. Property has an Interconnected fire alarm. With the two apartments rented (projected rents, once you spend a little on getting them code-free for c/o's) net income lands at around $34,000/year. Nice property with an upside and excellent spot to invest, in historic downtown PBurg!

Location

State NJ

County Warren

Zoning commercial

Rooms

Basement Full

Interior

Heating Electric, Gas-Natural

Cooling Wall A/C Unit(s), Window A/C(s)

Flooring Vinyl-Linoleum

Equipment Appliances, Exhaust System, Fire Alarm, Fixtures, Furniture, Kitchen Area, Smoke Detector, Storage Area(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Composition Siding

Utilities Available Electric, Gas-Natural

Roof Type Flat

Parking Type Additional Parking, Blacktop, On-Street Parking, Parking Lot-Shared

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by FREE BRIDGE REALTY, LLC

Karen Scarpa

Agent | RMFR8838475

+1(732) 631-4514

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