$ 1,199,895
823827 State Route 57 Greenwich, NJ 08323
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,199,895
Est. payment /mo
Active
823827 State Route 57 Greenwich, NJ 08323
1.29 Acres Lot
UPDATED:
10/12/2024 02:04 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Municipality Greenwich (GRW)
MLS Listing ID 22419286
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS�)
Annual Tax Amount $20,921
Tax Year 2023
Lot Size 1.290 Acres
Acres 1.29
Lot Dimensions 164' front x 347' left x 345' right x 162' rear
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
Direction GPS since depending on from which directions.
Interior
Heating Baseboard, Forced Air
Cooling Central Air, Window Unit(s)
Exterior
Garage On Site, Public Lot
Garage Spaces 2.0
Amenities Available Landscaping
Parking Type On Site, Public Lot
Building
Sewer Septic Tank
Water Well
New Construction No
Others
Senior Community No
Tax ID 07-00002-0000-00011
Listed by Diane Turton, Realtors-Rumson