34-36 Main st - Retail FOR SALE


Stanhope, NJ 07874
$399,000 USD
973-723-4592
34-36 Main st, Stanhope, NJ for Sale
$399,000 USD
Retail - FOR SALE
1/23
null | Request Cap Rate

34-36 Main st
Stanhope, NJ 07874


OVERVIEW

• Ideal investment for business and rental income • High foot traffic location • Expansion Potential • Plenty of Parking This income-producing building, situated in a prime location on Main Street, offers an excellent opportunity. With ample foot traffic, it promises to attract a steady stream of customers or clients to your venture. The building features a three-bedroom apartment on the upper floor, currently occupied by a tenant in good standing. This presents an immediate source of residential rental income. On the ground level, there's the potential for two separate commercial spaces. This flexibility allows the property to cater to multiple business types, ensuring it can meet the demands of various commercial tenants. Additionally, the building boasts a full basement, ideal for storage, with an access door at ground level. This space can be utilized for storing inventory, equipment, or other business-related materials, making it highly practical for any commercial operation. One of the standout features of this property is its potential for expansion. The property includes a small lot attached, offering the possibility to extend the building. Plenty of Parking! The versatility of the commercial spaces on the ground level makes this property ideal for a variety of business uses. Whether you envision a consignment shop, office space for contractors or professional offices, a retail store, or eatery, this property can accommodate these and many other business ideas. The high foot traffic on Main Street contributes to the visibility and accessibility of these spaces, further increasing their appeal. Owning this property means you’re not only investing in a prime location but also creating a revenue stream through the rental of both commercial and residential spaces. It offers flexibility for various business ideas and potential for future growth or expansion. If you’re considering the balance between personal business needs and rental income, this property seems like a strong candidate to explore further.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

HVR

APN/PARCEL ID

19-11203-0000-00008,19-11203-0000-00009

ASK ABOUT THIS PROPERTY

Kurian SeethakunnanProminent Properties CommercialMore Info
973-723-4592

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Kurian SeethakunnanProminent Properties CommercialMore Info
973-723-4592

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