For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $985,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $117
MLS Listing ID NJME2000327
Sold Date 02/14/22
Style Other
Abv Grd Liv Area 8,400
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $17,360
Tax Year 2020
Lot Size 0.560 Acres
Acres 0.56
Property Description
This 8,400 square foot building is a mixed-use property consisting of 5 superior Apartment rental units, a fully equipped Barber Shop, a Cosmetic and Nail Salon, Beauty Salon, a 2 car Garage (12'x30') or could function as a large storage unit and a vacant front street facing Retail or food store. It is situated at the confluence of Rt 206, Princeton Pike and Rt 1, all coming south from nearby Princeton and an area that has many attractions, including Rider Univ, College of NJ and Princeton Univ, as well as theaters and major business centers, plus rail and road connections to Philly and NYC.
Currently, the Barber Shop is vacant and the front of the building is available for a retail or food business easily seen and accessible from the busy road with ample parking for fast pick-ups. Overall 28 parking spaces around this building! A conservative estimate of using current market rentals for like properties suggest a gross income range of $146,000 - $153,000 is very achievable . Currently, rentals are month to month! As a plus, Lawrence Township Certificate of Inspection was approved for the 5 Apartment units on 7/7/21, as well as NJ Certificate of Inspection was approved for multiple dwelling usage.
Location
State NJ
County Mercer
Area Lawrence Twp (21107)
Zoning HC
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling Central A/C, Ceiling Fan(s), Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 28.0
Utilities Available Natural Gas Available, Electric Available, Cable TV
Water Access N
View Garden/Lawn, Street
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 28
Garage N
Building
Lot Description Irregular, Landscaping, Other, Road Frontage, Level
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Slackwood
Middle Schools Lawrence
High Schools Lawrence H.S.
School District Lawrence Township Public Schools
Others
Tax ID 07-00301-00029
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector,Surveillance Sys
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Non Member • Non Subscribing Office
GET MORE INFORMATION