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Key Details
Sold Price $455,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID NJHT104210
Sold Date 06/19/19
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $15,722
Tax Year 2018
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions .20 ACRES
Property Description
Here's an exceptional commercial investment opportunity in the heart of historic Frenchtown, located near the bucolic Delaware River. This 6-unit building ticks all the boxes: centrally located on Frenchtown's main thoroughfare, with 4 separate shopfronts and 2 upper floor units, lots of natural light, and minimal set-up costs for investor and tenants alike. The second and third floors contain large, warehouse-style spaces with high ceilings, full baths, reception areas and private office space. The 4 ground-level units enjoy high exposure from a large, open courtyard which currently features installation art. All 6 units have bathroom facilities and office space in addition to display rooms and storage. Great signage visibility on Race Street. Established businesses surround this property. Courtyard area offers display & sitting area or possible expansion with borough approval.
Location
State NJ
County Hunterdon
Area Frenchtown Boro (21011)
Zoning R-4
Direction East
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Electric
Heating Baseboard - Hot Water, Heat Pump(s)
Cooling Central A/C, Heat Pump(s), Window Unit(s)
Flooring Tile/Brick, Wood, Carpet, Vinyl
Fireplace N
Heat Source Electric, Oil, Propane - Leased
Exterior
Utilities Available Water Available, Sewer Available, Butane, Electric Available, Phone, Cable TV Available, Above Ground
Water Access N
Roof Type Flat
Accessibility None
Road Frontage Boro/Township
Garage N
Building
Building Description Other,Wood Walls,Masonry, Private Restrooms,Clear Span,Display Window,Fire Escape,Sprinkler System
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Other,Wood Walls,Masonry
New Construction N
Schools
High Schools Delaware Valley Regional H.S.
School District Delaware Valley Regional Schools
Others
Tax ID 11-00041-00005 01
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Matthew Meade • MWM Group LLC
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