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1050 S State Route 23

7,400 SF 100% Leased Retail Building Wantage, NJ 07461 $675,000 ($91/SF)

Retail Space New Jersey Wantage 1050 S State Route 23, Wantage, NJ 07461

Investment Highlights

  • Newly Renovated
  • Highway Commercial Zoning
  • Significant Added Value Potential
  • High Visibility Signage

Executive Summary

$$ REDUCED * MOTIVATED SELLER....CURENT CASH FLOW IS VERY GOOD. JOINT VENTURE OWNER POSSIBILITY & VERY STRONG ADDED GROWTH VALUE POSSIBILITY. Renovated Mixed Use, GREAT Base Investment Opportunity - EVENT CATERING HALL with 2 RESIDENTIAL UNITS.in VERY GOOD CONDITION.
Contact Broker directly for zone and income detail.

Attachments

Property and Zoning Detail + 1050 Rt 23, Wantage, NJ_glen brook

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $80,000 $10.81
Other Income - -
Vacancy Loss - -
Effective Gross Income $80,000 $10.81
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $80,000
Annual Per SF $10.81
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $80,000
Annual Per SF $10.81
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,400 SF
Building Class
C
Year Built/Renovated
1955/2023
Price
$675,000
Price Per SF
$91
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.05
Land Acres
3.24 AC
Zoning
HWCO - See attached zone and property detail.
Parking
45 Spaces (6.08 Spaces per 1,000 SF Leased)
Frontage
740 FT on State Route 23
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PROPERTY TAXES

Parcel Number 24-00136-0000-00013 Improvements Assessment $170,700 (2024)
Land Assessment $134,900 (2024) Total Assessment $305,600 (2024)

PROPERTY TAXES

Parcel Number
24-00136-0000-00013
Land Assessment
$134,900 (2024)
Improvements Assessment
$170,700 (2024)
Total Assessment
$305,600 (2024)
(973) 903-6842

  • Listing ID: 32155965

  • Date on Market: 6/16/2024

  • Last Updated:

  • Address: 1050 S State Route 23, Wantage, NJ 07461

More public record information on 1050 S State Route 23, Wantage, NJ 07461

The Retail Property at 1050 S State Route 23, Wantage, NJ 07461 is currently available For Sale. Contact Berkshire Hathaway Gross & Jansen Realtors for more information.

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1050 S State Route 23
(973) 903-6842 x

1050 S State Route 23

Kevin Colman

(973) 903-6842

(973) 903-6842

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