China One Restaurant 4 Station rd 2,400 SF 100% Leased Retail Building Denville, NJ 07834 $730,000 ($304.17/SF)
EXECUTIVE SUMMARY
Welcome to this superbly located and updated mixed-use building that is perfect for those looking for an investment opportunity. Get the benefit of having both residential and commercial tenants for long term income potential. The ground floor is home to a fully-equipped restaurant space that is a popular locale for residents. The second floor, renovated in 2018, features a 2 bedroom, 2 bath apartment with brand new stainless steel appliances, central air, in-unit washer/dryer, and other modern touches. Other features include an additional storage area in the attic and a parking lot with several spaces. Location is also perfect; only a few minutes from NYC transportation and tons of shopping and restaurants. Don't miss out on this excellent addition to any investment portfolio and come see 4 Station Rd in Denville! Rent for Ground Floor is $2,828/month and Second Floor rent is $2,200/month. Second floor renovated in 2018.
FINANCIAL SUMMARY (ACTUAL - 2022) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$60,336
|
$25.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$60,336
|
$25.14
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,400 SF
Year Built/Renovated
1940/2018
Price
$730,000
Price Per SF
$304.17
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.21
Lot Size
0.27 AC
Zoning
B-3
Parking
3 Spaces (1.25 Spaces per 1,000 SF Leased)
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-31207-0000-00013 | Improvements Assessment | $238,800 (2024) |
| Land Assessment | $160,200 (2024) | Total Assessment | $399,000 (2024) |
