3 Main St - Office/Residential FOR SALE


Sparta, NJ 07871
$550,000 USD
646-408-8024
3 Main St, Sparta, NJ for Sale
$550,000 USD
Office/Residential - FOR SALE
1/21
null | Request Cap Rate

3 Main St
Sparta, NJ 07871


HIGHLIGHTS

  • Main St Location - Corner Traffic Light on Highly Visible Street
  • Zoning Allows Retail or Office on Bottom and Apartments on Top - Live/Work or Rental Income
  • Potential Redevelopment - .34 Acres
  • One of the best School Systems and Safest Towns in NJ

OVERVIEW

Fantastic location on .34 acres on Main St in Sparta - across the street from the post office and in front of a traffic light on one of the most well traveled corners in Sussex County. A wonderful location for any professional business wanting a highly visible address with future upside potential and/or additional rental income. 3 Main St. would also be an ideal development opportunity as the property has a .34 acres foot print and is Zoned TCC (Town Center Commercial) which allows retail/office below and apartments above. Please see zoning link below. The property is large with 143 feet of road frontage, separate detached garage area and ample parking. The TCC Zoning is also allows a live/work or rental income above/business below solution. Inside the property a few office rooms were recently updated but some areas will require some minor remodeling depending on your end use. There are two bathrooms (one on each floor) and a kitchen on the first floor. Various possibilities and a wonderful location. This property will be delivered vacant. Please contact Marc for more information. ------- Zoning: Principal Permitted Uses. This zone is limited to business uses of a retail sales and service type. Only the following uses are permitted: 1. Stores or shops for retail business or wholesale display entirely within the confines of a building. 2. Banks and offices for business, executive and professional purposes. 3. Opera houses and theatrical and motion picture theaters, but not including open air theaters. 4. Bed and breakfast establishments, access to all guest rooms shall be via hallways from a central area. See definition (Subsection 18-2.1). 5. Restaurants, but not including drive-in restaurants. 6. Public buildings and uses. 7. Second floor apartments over retail commercial and office establishments but not over service stations or public garage or dry cleaning establishments. 8. Bowling alleys and sports centers. 9. Institutional uses and nonprofit clubs, lodges and fraternal organizations. 10. Houses of worship, churches and cemeteries. 11. A parking lot on property owned by a homeowners association with at least 300 members. Nonmembers of the association may be charged a user fee. Parking or a parking lot is otherwise prohibited as a principal use in the TCC Zone. This amendment does not extend to parking on public roadways and is limited to a parking lot. [Added 11-12-2019 by Ord. No. 19-19] 12. Apartment/Multifamily Unit Buildings or units in accordance with Subsection 18-8.5 of this chapter entitled Incentive Zoning and Mandatory Set Asides. [Added 3-10-2020 by Ord. No. 2020-04]

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Highly Visible Location on Main St in Sparta

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1902

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

TCC

APN/PARCEL ID

18-02001-0000-00031

ASK ABOUT THIS PROPERTY

Marc WeitzFairclough RealtorsMore Info
646-408-8024

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Marc WeitzFairclough RealtorsMore Info
646-408-8024

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.