Property

Hardyston Twp., NJ 07460 2786 Rt 23

2786 Rt 23 Hardyston Twp., NJ - Image 12786 Rt 23 Hardyston Twp., NJ - Image 22786 Rt 23 Hardyston Twp., NJ - Image 3
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Presented By: KRUMPFER REALTY GROUP; 973-293-0085
  • MLS# 3895296
  • 04/10/2024
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 2
  • SQFT • 3,100
  • Garage • 18

Home Details

High-Yield Investment Opportunity on State Route 23Introducing a premier commercial real estate investment along the bustling State Route 23. This property presents a remarkable opportunity with a tenant already in place, generating an estimated 6% CAP rate. Spanning 2,700 sq ft, it offers potential for diversification through multi-tenant strategies, enhancing its income-producing capacity. Situated on a high-traffic highway, it guarantees visibility and accessibility, two critical factors for sustained occupancy and rental growth. This turnkey investment is not just an acquisition but a strategic asset offering stable cash flow, growth potential in a thriving location, and the flexibility to adapt to market demands. Capitalize on this opportunity to own a piece of the commercial growth trajectory on State Route 23.
Presented By: KRUMPFER REALTY GROUP; 973-293-0085

Interior Features for 2786 Rt 23

Bathrooms

Half Baths2

Other Interior Features

Price Per Sq Ft185.00
Available Sq Ft3100
BasementFull
FlooringCarpeting, Tile
Fuel TypeSee Remarks
Total Stories2

General for 2786 Rt 23

Cap Rate6.13
ConstructionSee Remarks
Cooling3 Units, Central Air
CountySussex
DirectionsRoute 287 to route 23 North. 15 miles property is on the right side.
Documents AvailableLeases
DriveConcrete
EasementUnknown
Equipment AvailableFurniture, Handicapped Access, Office Equipment, Restrooms - Private
Garage Spaces18
Gross Income63600
Heating3 Units, Baseboard - Hotwater
Leasable Area3100
LocationCorner, Freestanding, Highway Location
Net Operating Income30000
Number Of Units Total1
Operating Expense33600
OwnershipFee Simple
Permitted UseOffice, Retail
PossessionAt closing
Property TypeOffice/Retail
Property TypeOffcRetl
RoofAsphalt Shingle
ServicesCable TV Available, Garbage Extra Charge
SewerSeptic
Standard StatusActive
StatusActive
Tax Annual Amount10483
Tax Assessed Value344300
Tax Lot38
Tax Year2024
Town #2811
TownshipHardyston Twp.
UtilitiesElectric, Gas-Propane
Utilities Paid ByTenant
Year Built9999
ZoningB-2

Exterior for 2786 Rt 23

Building Area Total2700
Exterior DescriptionVinyl Siding
Lot Dimensions.464 AC
Lot FeaturesCorner, Level Lot
Lot Size Acres0.46
Max Ceiling Height8
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking18
Water SourceWell

Additional Details

Price History

Charles Torres

Owner
Price $489,000
MLS#3895296
List Date 04/10/2024
Property Type Commercial
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