Homes for sale - 154 Route 23, Wantage Twp., NJ 07461

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Vanessa Gonzalez

vanessaspropertiesnj@gmail.com +1(201) 706-3392

$ 415,000

Est. payment -/mo

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Active

154 Route 23 Wantage Twp., NJ 07461

1,880 SqFt

UPDATED:

11/05/2024 12:53 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,880 sqft

Price per Sqft $220

MLS Listing ID 3913801

Annual Tax Amount $10,984

Tax Year 2024

Lot Size 8,276 Sqft

Property Description

Calling all investors!!! Great investment opportunity with this prime commercial property located in Wantage, right on Route 23. Known for its high traffic flow, this location ensures maximum visibility and accessibility, making it a lucrative addition to any investor's portfolio. This property offers 1,880 square feet of versatile commercial space and is currently leased to a thriving business, Cow Patty's, ensuring steady rental income. With a robust 10% capitalization rate, this property stands as a solid income-generating asset.Investing here provides several advantages. The steady income stream from Cow Patties, a reliable tenant, ensures consistent rental income, providing immediate returns on investment. The property's location on Highway Route 23 benefits from substantial daily traffic, enhancing the potential for long-term tenant retention and higher rental rates. Furthermore, the prime location and current cap rate indicate strong future appreciation potential, offering significant upside for savvy investors. This is a hassle-free investment with an established tenant and proven income, ideal for investors seeking a stable addition to their portfolio.Don't miss this rare opportunity to own a high-yielding commercial property in a prime location. Whether you're an experienced investor or looking to diversify your portfolio, this property in Wantage, NJ offers the perfect blend of stability and growth potential.

Location

State NJ

County Sussex

Zoning HWCO

Rooms

Basement Crawl Space, Storage

Interior

Heating Electric, Gas-Natural

Cooling Central Air

Flooring Laminate, Tile

Equipment Restrooms - Public

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Rubberized

Parking Type Parking Lot-Exclusive

Building

Lot Description Level Lot, Open Lot

Story 1

Sewer Septic

Water Well

Others

Ownership Fee Simple

Listed by KRUMPFER REALTY GROUP

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(201) 706-3392

vanessaspropertiesnj@gmail.com

Vanessa Gonzalez

Vanessa Gonzalez

154 Route 23 Wantage Twp., NJ 07461

Key Details

Location

Rooms

Interior

Exterior

Building

Others

154 Route 23

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