6 Elmer St - Storefront Retail/Residential FOR SALE


Madison, NJ 07940
$1,289,000 USD
201-841-2560
6 Elmer St, Madison, NJ for Sale
$1,289,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

6 Elmer St
Madison, NJ 07940


HIGHLIGHTS

  • Mixed-Use Opportunity: Ground floor formerly operating as a restaurant, with income-generating apartments on the second floor.
  • Additional Building: A small rear building, presently used for storage, offers flexible potential for retail, additional restaurant space, or other co
  • Historic Charm: Originally an old house, the property has been fully renovated to accommodate modern commercial needs while preserving its character.
  • Prime Location: Situated in Madison’s central business district, providing high visibility and foot traffic.
  • Investment Potential: Ideal for owner-users or investors seeking dual income streams from residential and commercial tenants.
  • Flexible Use Options: Suited for restaurant, retail, or specialty business concepts, with room for expansion in the rear building.

OVERVIEW

This unique mixed-use property in Madison, NJ offers a blend of commercial and residential space in a prime central business district location. Originally a two family duplex house, the building has been thoughtfully renovated for modern commercial use while retaining its charm, creating an inviting atmosphere perfect for a restaurant or retail venture. The first floor was previously operated as a popular Barbecue restaurant, and the second floor features 2 -One bedroom apartments and the third floor which currently has an unapproved apartment can be made into a rentable space by adding a second means of egress or combining with the second floor as a duplex. A separate building in the back, presently used for storage, offers flexibility for future use, whether it be for retail, additional restaurant space, or a specialty shop. Township approval would be necessary for this to be utilized. Situated in a high-visibility area of Madison’s bustling business district, this property combines character, functionality, and income potential in a sought-after location. On street parking and directly across the street from free municipal parking lot. The building is currently empty.

FOR SALE DETAILS

PRICE

$1,289,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Medical, Health Club, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CBD2

APN/PARCEL ID

17-01801-0000-00005

ASK ABOUT THIS PROPERTY

Edward LaubKeller Williams Village Square RealtyMore Info
201-841-2560

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Edward LaubKeller Williams Village Square RealtyMore Info
201-841-2560

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