34-36 Main st
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34-36 Main st
1,713 SF 100% Leased Retail Building Stanhope, NJ 07874 $399,000 ($233/SF)
Executive Summary
Investment Property OR to utilize for your own business. Income Producing Building in Prime Location on Main Street with lots of foot traffic. Upstairs has one Three Bedroom apartment (current tenant in good standing). Ground Level has potential for 2 separate commercial spaces.
Full basement for storage/access door outside at ground level. Potential for expansion of the building as property also has a small lot attached. Plenty of parking! Ideal for Consignment Shop, Office Space for Contractors, Retail Store, Deli.
Owning this property means you’re not only investing in a prime location but also creating a revenue stream through the rental of both commercial and residential spaces. It offers flexibility for various business ideas and potential for future growth or expansion. If you’re considering the balance between personal business needs and rental income, this property seems like a strong candidate to explore further.
Full basement for storage/access door outside at ground level. Potential for expansion of the building as property also has a small lot attached. Plenty of parking! Ideal for Consignment Shop, Office Space for Contractors, Retail Store, Deli.
Owning this property means you’re not only investing in a prime location but also creating a revenue stream through the rental of both commercial and residential spaces. It offers flexibility for various business ideas and potential for future growth or expansion. If you’re considering the balance between personal business needs and rental income, this property seems like a strong candidate to explore further.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$20,400
|
$11.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$20,400
|
$11.91
|
| Taxes |
$6,987
|
$4.08
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,987
|
$4.08
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $11.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $20,400 |
| Annual Per SF | $11.91 |
| Taxes | |
|---|---|
| Annual | $6,987 |
| Annual Per SF | $4.08 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,987 |
| Annual Per SF | $4.08 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,713 SF
Year Built
1925
Price
$399,000
Price Per SF
$233
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.49
Land Acres
0.08 AC
Zoning
HVR
-
Kurian Seethakunnan -
Prominent Properties Commercial
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34-36 Main st
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