NJ
Morris
Wharton Boro
07885
354 S Main St
354 S Main St, Wharton Boro, NJ 07885
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Listing Type
Commercial/Industrial
Listing Status
active
26
$1,499,000

Home Details for 354 S Main St

Price
$1,499,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1900
Lot size acres
0.57
County
Morris
Garage
Basement
Full, Unfinished
Days on site
120
MLS Listing#
3976259
Property Description

Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive NET OPERATING INCOME $118,000 annually! We have created comprehensive floor plans and future plans to add 2 additional 2 bedroom units to the front building, which has partial plans for added value!. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 7 units, the net income could reach an astounding $190,000!! This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don't miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let's collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
    • Radiant
    • Hot Water
  • Cooling Information
    • Central Air
    • Ductless
  • Utilities
    • Cable Available
    • Natural Gas Available
  • Basement
    • Full
    • Unfinished
  • Water Features
    • Public
  • Parking
    • Off Street
Listing Courtesy: KELLER WILLIAMS VILLAGE SQUARE - 201-445-4300
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Median Listing Price
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Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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