241-243 N US Highway 206 - Storefront Retail/Residential FOR SALE


Stanhope, NJ 07874
$850,000 USD
973-557-7824
241-243 N US Highway 206, Stanhope, NJ for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

241-243 N US Highway 206
Stanhope, NJ 07874


HIGHLIGHTS

  • 1,154 SF three-bedroom residential apartment
  • 2,420 SF retail / office / light industrial commercial space

OVERVIEW

Exceptional opportunity to acquire a high-visibility mixed-use property located directly along the Route 206 commercial corridor in Stanhope, New Jersey. The property offers a rare combination of residential income and flexible commercial / light industrial space, making it ideal for an owner-user, investor, or live-work business operator. The property consists of a 3,574 square foot building situated on 0.56 acres with 272 feet of highway frontage along U.S. Route 206, providing excellent visibility and strong daily traffic exposure The commercial space is currently owner-occupied, presenting significant upside potential for leasing or continued owner-user operation. This flexible configuration makes the property ideal for contractors, service businesses, professional offices*, retail users*, or investors seeking a mixed use asset with income and growth potential

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

LI

APN/PARCEL ID

19-11701-0000-00010

ASK ABOUT THIS PROPERTY

Michael HauckRealty ExecutivesMore Info
973-557-7824

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Michael HauckRealty ExecutivesMore Info
973-557-7824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.