Property Listing: Prime Corner Lot Commercial Opportunity on Busy Route 206 (Water St) & Clinton Ave Intersection, Newton, NJ - Zoned T5
Address: 61 Water St., Newton, NJ 07860
Property Type: Commercial, Retail, Redevelopment Opportunity
Key Features:
High-Visibility Corner Lot: Situated on the highly visible corner of Route 206 and Water Street, offering exceptional exposure from two major thoroughfares.
-Busy Intersection: Located at a busy intersection, maximizing traffic flow and visibility for any business.
Redevelopment Potential: Currently operating as a mechanic shop, this property presents a unique opportunity for redevelopment or adaptation to various commercial uses.
Existing Infrastructure: The property includes existing infrastructure from the mechanic shop, which could be beneficial for certain businesses.
Accessibility: Easy access to major roadways.
-Parking: On site parking.
Zoning: T5 Neighborhood Core Zone, allowing for a variety of commercial uses.
Approved Use: Approved in 2023 for use as a bagel shop, offering an opportunity for a food service business.
-NJDEP No Further Action Letter: A "No Further Action" letter from the New Jersey Department of Environmental Protection (NJDEP) is available, signifying environmental clearance.
Opportunity:
This property is ideal for investors or business owners seeking a prime location with significant potential.
The high traffic volume on Route 206 and Clinton St, combined with the corner lot location, ensures maximum visibility for any business operating at this location.
Potential for retail, service industry, or redevelopment.
All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.