Property
Phillipsburg Town, NJ 08865 150 S Main St
$425,000
11 more
Presented By: FREE BRIDGE REALTY, LLC; 610-252-2552
Full/Half Baths • 0 / 4
Home Details
At edge of NJ find the gateway to the Lehigh Valley, here on the Main street of this charming river town. Situated in the heart of historic downtown Phillipsburg, near the popular train rides with city parking out back. Classic charming fully-equipped restaurant, with 2 income-producing apartments above. Great location, location, location for eatery, with 4 years to go on the lease. This mixed-use property offers excellent potential; two renovated apartments above are ready to go! Restaurant kitchen boasts a 15' hood with Ansul wet-system for fire suppression. 6-burner gas stove, walk-in freezer. Near many more cute shops and eateries. Restaurant could rent for $3000/month (now vacant, for sale). At this price, buyer is in charge of finishing c/o work. Property has an Interconnected fire alarm - needs a house panel to fully comply to code. Two apartments above should command $1600 each. $74,k gross annual rent potential. Nice property with an upside and excellent spot to invest, in historic downtown PBurg!
Presented By: FREE BRIDGE REALTY, LLC; 610-252-2552
Interior Features for 150 S Main St
Bedrooms
Num 4 Bed Units1
Bathrooms
Num Units w/Full Bath2
Half Baths4
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft0
Num 3 Bdrm Units1
BasementFull
FlooringVinyl-Linoleum
Fuel TypeElectric, Gas-Natural
Total Stories3
General for 150 S Main St
Building #150
Cap Rate6.00
ConstructionBrick/Block
CoolingWall A/C Unit(s), Window A/C(s)
CountyWarren
DirectionsFrom Union Square/ Free Bridge - head SE on s. Main St. Property is on right.
Documents AvailableIncome & Expenses, See Remarks
DriveAdditional Parking, Blacktop, On-Street Parking, Parking Lot-Shared
EasementNo
Equipment AvailableAppliances, Exhaust System, Fire Alarm, Fixtures, Furniture, Kitchen Area, Smoke Detector, Storage Area(s)
Farm AssessmentNo
Gross Income52000
HeatingBaseboard - Electric, Multi-Zone
Leasable Area
Lease IncludesSee Remarks, Taxes
Lease Information1 Year Minimum, Security Deposit Required
Lease TypeNet
LocationBusiness District, Freestanding
Net Operating Income34000
Num Apts2
Number Of Units Total3
Number of Amps200
Operating Expense18000
OwnerPaysSee Remarks, Water
OwnershipFee Simple
Permitted Usemixed
Possessionnegotiable
Prior UseTeddy's Diner / restaurants
Property TypeMixed Use, Restaurant, Restaurant/Bar
Property TypeRestarnt
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount10958
Tax Assessed Value241100
Tax Lot3
Tax Year2024
Tenant PaysElectric, Gas, Heat, Hot Water, See Remarks, Snow Removal
Town #3019
TownshipPhillipsburg Town
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1939
Zoningcommercial
Exterior for 150 S Main St
Building Area Total
Exterior DescriptionComposition Siding
Lot Dimensions.051 ACRE
Lot FeaturesLevel Lot
Lot Size Acres0.05
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner