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Flemington Boro,NJ 08822
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,290 sqft
Price per Sqft $142
MLS Listing ID 3927236
Year Built 1890
Annual Tax Amount $14,493
Tax Year 2023
Lot Size 0.260 Acres
Property Description
Welcome to 150 Main St, a prime commercial property poised for significant growth and opportunity! This well-maintained building features two bustling commercial spaces on the first floor, perfect for retail or office use, providing excellent visibility in a thriving area. Above, the property boasts three spacious one-bedroom, one-bath residential units on the second and third floors, offering additional income. With a full basement equipped with two sets of washers and dryers, tenants will appreciate the convenience of on-site laundry facilities. Currently generating a gross operating income of $75,000 and a net operating income of $37,724, this property presents a remarkable opportunity to increase revenue by bringing residential rents up to market value. The property also has an out building that is not currently being rented and offers 13 off street parking spaces. Located just a block from the county courthouse and the exciting Union Hotel redevelopment project, this property is strategically positioned in a bustling area of Flemington. With ongoing developments and a revitalizing Main Street, now is an exceptional time to invest in this vibrant community. Don't miss out on the potential of 150 Main St your next successful investment awaits!
Location
State NJ
County Hunterdon
Zoning DB
Rooms
Basement Full, Storage
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Flooring Carpeting, Wood
Equipment Appliances, Fire Alarm, Restrooms - Private, Sign - Building, Smoke Detector, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Parking Type Driveway-Shared, Off-Street Parking, Parking Lot-Exclusive
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer
Water Water Charge Extra
Others
Ownership Fee Simple