$415,000
154 Route 23 Wantage Twp., NJ 07461
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$415,000
Est. payment /mo
1,880 SqFt
UPDATED:
11/18/2024 03:48 PM
Key Details
Property Type Commercial
Listing Status Under Contract
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
Building
Lot Description Level Lot, Open Lot
Story 1
Sewer Septic
Water Well
Others
Ownership Fee Simple
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Listed by KRUMPFER REALTY GROUP
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Jeffrey Lee
Broker Associate - Team Leader | License ID: 0683786
Broker Associate - Team Leader License ID: 0683786