61 Water St - Auto Repair FOR SALE


Newton, NJ 07860
$349,900 USD
908-674-5105
61 Water St, Newton, NJ for Sale
$349,900 USD
Auto Repair - FOR SALE
1/14
null | Request Cap Rate

61 Water St
Newton, NJ 07860


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Restaurant, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

T-5

APN/PARCEL ID

15-00009-03-00001

ASK ABOUT THIS PROPERTY

Yaz MuheisenYHK RealtyMore Info
908-674-5105

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Yaz MuheisenYHK RealtyMore Info
908-674-5105

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