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354 S Main St, Wharton Boro, NJ 07885
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$1,499,000
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Home Details for 354 S Main St
Price
$1,499,000
Type
Commercial/Industrial
Year Build
1900
Lot Size
0.57
County
Morris
Basement
Full, Unfinished
Tax
$20,230
MLS®️ Listing#
3976259
On exitrealty.com
119 days
Property Description
Discover an unparalleled investment opportunity in the heart of the real estate market! This expansive property, covering over half an acre with 2 separate buildings, stands as one of the largest lots in town. Located in a B-1 Zoning District (Neighborhood Business District), it offers remarkable flexibility and potential. Both buildings have undergone complete renovation and rehabilitation, including new roofs, kitchens, bathrooms, utilities, and more. This ensures a low-maintenance, high-yield investment for years to come. Currently configured with 4 renovated apartments and an office space with full kitchens and bathrooms, the property boasts an impressive NET OPERATING INCOME $118,000 annually! We have created comprehensive floor plans and future plans to add 2 additional 2 bedroom units to the front building, which has partial plans for added value!. This will allow you to thoroughly explore every aspect of this unique offering. With the potential to expand to 7 units, the net income could reach an astounding $190,000!! This exceptional opportunity, with its strategic location and extensive renovations, ensures a sustainable and profitable investment for discerning investors. Don't miss out on the chance to secure a prime piece of real estate that promises significant returns and long-term growth. Let's collaborate to analyze the numbers, align with your goals, and make this exceptional investment opportunity yours today!
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- Heating Information
- Forced Air
- Natural Gas
- Radiant
- Hot Water
- Cooling Information
- Central Air
- Ductless
- Utilities
- Cable Available
- Natural Gas Available
- Basement
- Full
- Unfinished
- Water Features
- Public
- Parking
- Off Street
Listing Courtesy: KELLER WILLIAMS VILLAGE SQUARE - 201-445-4300
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. Information deemed reliable but not guaranteed. Copyright ©2025 Garden State Multiple Listing Service, L.L.C. All Rights Reserved.
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EXIT CORNERSTONE REALTY
438 US Route 46, Kenvil, NJ 07847
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$1,499,000
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EXIT CORNERSTONE REALTY
438 US Route 46, Kenvil, NJ 07847